FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Trading Up 0.5% – Here’s Why

Shares of FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) traded up 0.5% during trading on Monday . The company traded as high as $71.36 and last traded at $71.36. 25,845 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 39,771 shares. The stock had previously closed at $70.98.

FlexShares Quality Dividend Index Fund Price Performance

The stock’s fifty day simple moving average is $72.33 and its 200-day simple moving average is $70.03. The firm has a market cap of $1.90 billion, a PE ratio of 16.67 and a beta of 0.94.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of QDF. Bank of New York Mellon Corp raised its holdings in shares of FlexShares Quality Dividend Index Fund by 67.8% during the second 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 last quarter. International Assets Investment Management LLC acquired a new stake in FlexShares Quality Dividend Index Fund during the 2nd quarter worth about $65,000. Commonwealth Equity Services LLC raised its stake in shares of FlexShares Quality Dividend Index Fund by 3.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 47,241 shares of the company’s stock valued at $3,142,000 after buying an additional 1,548 shares during the last quarter. Financial Counselors Inc. acquired a new position in shares of FlexShares Quality Dividend Index Fund in the 2nd quarter valued at about $284,000. Finally, Hanlon Investment Management Inc. boosted its stake in shares of FlexShares Quality Dividend Index Fund by 2.3% in the second quarter. Hanlon Investment Management Inc. now owns 42,126 shares of the company’s stock worth $2,802,000 after buying an additional 958 shares during the last quarter.

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.