FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Sets New 52-Week High – Should You Buy?

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) reached a new 52-week high during trading on Monday . The company traded as high as $73.39 and last traded at $73.39, with a volume of 1212 shares changing hands. The stock had previously closed at $72.76.

FlexShares Quality Dividend Index Fund Stock Up 0.6 %

The firm has a market cap of $1.93 billion, a PE ratio of 16.67 and a beta of 0.94. The company’s 50 day moving average price is $71.59 and its two-hundred day moving average price is $68.86.

Institutional Investors Weigh In On FlexShares Quality Dividend Index Fund

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in FlexShares Quality Dividend Index Fund in the 2nd quarter valued at about $65,000. Farther Finance Advisors LLC raised its position in FlexShares Quality Dividend Index Fund by 218.7% during the third quarter. Farther Finance Advisors LLC now owns 1,584 shares of the company’s stock valued at $114,000 after acquiring an additional 1,087 shares in the last quarter. Cozad Asset Management Inc. acquired a new position in shares of FlexShares Quality Dividend Index Fund in the third quarter worth about $206,000. SVB Wealth LLC purchased a new stake in shares of FlexShares Quality Dividend Index Fund during the 1st quarter worth about $211,000. Finally, ORBA Wealth Advisors L.L.C. acquired a new stake in shares of FlexShares Quality Dividend Index Fund during the 3rd quarter valued at about $215,000.

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.