FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Hits New 52-Week High – What’s Next?

by · The Cerbat Gem

Shares of FlexShares Quality Dividend Index Fund (NYSEARCA:QDF – Get Free Report) hit a new 52-week high on Friday . The company traded as high as $81.56 and last traded at $81.41, with a volume of 3118 shares changing hands. The stock had previously closed at $81.17.

FlexShares Quality Dividend Index Fund Trading Up 0.4%

The company has a market cap of $2.03 billion, a P/E ratio of 21.14 and a beta of 0.93. The company has a 50 day moving average price of $79.66 and a 200-day moving average price of $76.36.

Institutional Investors Weigh In On FlexShares Quality Dividend Index Fund

A number of hedge funds have recently made changes to their positions in the stock. TIAA Trust National Association lifted its stake in FlexShares Quality Dividend Index Fund by 4.9% in the 2nd quarter. TIAA Trust National Association now owns 4,048,052 shares of the company’s stock valued at $295,347,000 after purchasing an additional 190,689 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of FlexShares Quality Dividend Index Fund by 475.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 717,441 shares of the company’s stock valued at $52,502,000 after acquiring an additional 592,774 shares during the last quarter. Keybank National Association OH lifted its stake in shares of FlexShares Quality Dividend Index Fund by 0.8% in the 2nd quarter. Keybank National Association OH now owns 559,223 shares of the company’s stock valued at $40,924,000 after acquiring an additional 4,579 shares during the last quarter. VeraBank N.A. boosted its holdings in shares of FlexShares Quality Dividend Index Fund by 1.2% during the 3rd quarter. VeraBank N.A. now owns 458,556 shares of the company’s stock valued at $36,409,000 after acquiring an additional 5,650 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in FlexShares Quality Dividend Index Fund by 10.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 307,995 shares of the company’s stock worth $24,455,000 after acquiring an additional 27,938 shares during the last quarter.

About FlexShares Quality Dividend Index Fund

(Get Free Report)

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.

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