FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Hits New 1-Year High – Time to Buy?

Shares of FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) reached a new 52-week high during trading on Friday . The stock traded as high as $71.88 and last traded at $71.84, with a volume of 4581 shares changing hands. The stock had previously closed at $71.37.

FlexShares Quality Dividend Index Fund Trading Up 0.8 %

The firm has a market capitalization of $1.90 billion, a PE ratio of 16.67 and a beta of 0.94. The stock’s 50 day moving average price is $69.60 and its two-hundred day moving average price is $67.07.

Institutional Trading of FlexShares Quality Dividend Index Fund

A number of large investors have recently made changes to their positions in QDF. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of FlexShares Quality Dividend Index Fund by 235.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 106,774 shares of the company’s stock worth $7,037,000 after purchasing an additional 74,950 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in FlexShares Quality Dividend Index Fund by 67.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 116,015 shares of the company’s stock valued at $7,716,000 after buying an additional 46,883 shares during the period. TIAA Trust National Association increased its stake in shares of FlexShares Quality Dividend Index Fund by 0.6% during the 1st quarter. TIAA Trust National Association now owns 4,326,785 shares of the company’s stock valued at $285,178,000 after acquiring an additional 27,852 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of FlexShares Quality Dividend Index Fund by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 254,799 shares of the company’s stock worth $16,947,000 after acquiring an additional 20,830 shares during the period. Finally, Mather Group LLC. boosted its position in shares of FlexShares Quality Dividend Index Fund by 42.7% in the second quarter. Mather Group LLC. now owns 30,120 shares of the company’s stock worth $1,985,000 after acquiring an additional 9,016 shares during the last quarter.

About FlexShares Quality Dividend Index Fund

The FlexShares Quality Dividend Index Fund (QDF) is an exchange-traded fund that is based on the Northern Trust Quality Dividend index. The fund tracks an index of companies deemed to have secure dividends that matches the beta of the Northern Trust 1250 Index. QDF was launched on Dec 14, 2012 and is managed by FlexShares.