FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Sets New 1-Year High – Here’s Why

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $72.92 and last traded at $72.92, with a volume of 10002 shares changing hands. The stock had previously closed at $72.36.

FlexShares Quality Dividend Index Fund Trading Up 0.8 %

The firm has a fifty day simple moving average of $70.89 and a two-hundred day simple moving average of $68.06. The firm has a market cap of $1.93 billion, a PE ratio of 16.67 and a beta of 0.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Transform Wealth LLC lifted its position in FlexShares Quality Dividend Index Fund by 128.7% during the third quarter. Transform Wealth LLC now owns 344,683 shares of the company’s stock valued at $24,717,000 after purchasing an additional 193,950 shares during the last quarter. Bank of New York Mellon Corp grew its position in FlexShares Quality Dividend Index Fund by 67.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 116,015 shares of the company’s stock worth $7,716,000 after purchasing an additional 46,883 shares during the period. TIAA Trust National Association increased its holdings in FlexShares Quality Dividend Index Fund by 0.6% in the 1st quarter. TIAA Trust National Association now owns 4,326,785 shares of the company’s stock worth $285,178,000 after acquiring an additional 27,852 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of FlexShares Quality Dividend Index Fund by 21.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 129,489 shares of the company’s stock worth $8,612,000 after purchasing an additional 22,715 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in FlexShares Quality Dividend Index Fund by 8.9% in the second 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.

FlexShares Quality Dividend Index Fund Company Profile

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.