FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Reaches New 1-Year High – Here’s What Happened

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $73.81 and last traded at $73.81, with a volume of 18989 shares trading hands. The stock had previously closed at $73.68.

FlexShares Quality Dividend Index Fund Price Performance

The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 16.67 and a beta of 0.94. The business has a 50-day moving average of $71.87 and a 200-day moving average of $69.15.

Institutional Investors Weigh In On FlexShares Quality Dividend Index Fund

Several hedge funds have recently modified their holdings of the company. VeraBank N.A. raised its position in shares of FlexShares Quality Dividend Index Fund by 1.8% in the 3rd quarter. VeraBank N.A. now owns 410,518 shares of the company’s stock worth $29,438,000 after acquiring an additional 7,455 shares in the last quarter. Transform Wealth LLC increased its stake in shares of FlexShares Quality Dividend Index Fund by 128.7% in the 3rd quarter. Transform Wealth LLC now owns 344,683 shares of the company’s stock valued at $24,717,000 after acquiring an additional 193,950 shares in the last quarter. Envestnet Asset Management Inc. lifted 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. Ledyard National Bank boosted its stake in FlexShares Quality Dividend Index Fund by 4.4% during the third quarter. Ledyard National Bank now owns 169,139 shares of the company’s stock worth $12,129,000 after acquiring an additional 7,074 shares in the last quarter. Finally, Bridges Investment Management Inc. increased its stake in FlexShares Quality Dividend Index Fund by 5.4% in the second quarter. Bridges Investment Management Inc. now owns 143,420 shares of the company’s stock valued at $9,539,000 after purchasing an additional 7,403 shares in the last quarter.

About FlexShares Quality Dividend Index Fund

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.