FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF) Sees Unusually-High Trading Volume – Should You Buy?

FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF) saw strong trading volume on Tuesday . 70,307 shares were traded during trading, an increase of 23% from the previous session’s volume of 56,981 shares.The stock last traded at $24.20 and had previously closed at $23.90.

FlexShares International Quality Dividend Index Fund Price Performance

The firm’s 50 day moving average price is $23.97 and its two-hundred day moving average price is $24.84. The stock has a market cap of $560.72 million, a PE ratio of 9.28 and a beta of 0.79.

Institutional Investors Weigh In On FlexShares International Quality Dividend Index Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its stake in FlexShares International Quality Dividend Index Fund by 19.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,439 shares of the company’s stock valued at $61,000 after purchasing an additional 400 shares in the last quarter. US Bancorp DE raised its position in shares of FlexShares International Quality Dividend Index Fund by 173.0% during the 3rd quarter. US Bancorp DE now owns 1,272 shares of the company’s stock valued at $33,000 after buying an additional 806 shares in the last quarter. Red Tortoise LLC lifted its stake in FlexShares International Quality Dividend Index Fund by 4.0% during the fourth quarter. Red Tortoise LLC now owns 46,132 shares of the company’s stock worth $1,073,000 after purchasing an additional 1,792 shares during the last quarter. Essex Savings Bank boosted its holdings in shares of FlexShares International Quality Dividend Index Fund by 14.9% in the 4th quarter. Essex Savings Bank now owns 14,263 shares of the company’s stock worth $332,000 after purchasing an additional 1,847 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of FlexShares International Quality Dividend Index Fund by 0.9% in the 4th quarter. UMB Bank n.a. now owns 206,883 shares of the company’s stock worth $4,814,000 after purchasing an additional 1,906 shares in the last quarter.

About FlexShares International Quality Dividend Index Fund

The FlexShares International Quality Dividend Index Fund (IQDF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of non-US companies from developed and emerging markets selected by dividend payments and other fundamentals. The index aims for market-like risk.