FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Hits New 12-Month High – What’s Next?

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

FlexShares Quality Dividend Index Fund Stock Performance

The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 16.67 and a beta of 0.94. The business’s 50 day moving average price is $70.89 and its 200-day moving average price is $68.06.

Institutional Trading of FlexShares Quality Dividend Index Fund

Hedge funds have recently modified their holdings of the company. Transform Wealth LLC boosted its stake in shares of FlexShares Quality Dividend Index Fund by 128.7% in the third quarter. Transform Wealth LLC now owns 344,683 shares of the company’s stock valued at $24,717,000 after buying an additional 193,950 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of 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 worth $7,716,000 after purchasing an additional 46,883 shares in the last quarter. TIAA Trust National Association grew its holdings in FlexShares Quality Dividend Index Fund by 0.6% during the first quarter. TIAA Trust National Association now owns 4,326,785 shares of the company’s stock worth $285,178,000 after buying an additional 27,852 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position 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 buying an additional 22,715 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position 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 valued at $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.