FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Stock Price Down 1% – Should You Sell?

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF)’s stock price fell 1% during mid-day trading on Tuesday . The company traded as low as $79.25 and last traded at $79.34. 34,066 shares were traded during trading, a decline of 1% from the average session volume of 34,488 shares. The stock had previously closed at $80.11.

FlexShares Quality Dividend Index Fund Trading Down 1.0%

The stock has a market cap of $1.98 billion, a PE ratio of 21.14 and a beta of 0.93. The business has a 50-day moving average price of $78.91 and a 200-day moving average price of $74.53.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Orion Porfolio Solutions LLC lifted its holdings in 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 purchasing an additional 592,774 shares in the last quarter. TIAA Trust National Association raised its holdings in shares of FlexShares Quality Dividend Index Fund by 4.9% during the 2nd quarter. TIAA Trust National Association now owns 4,048,052 shares of the company’s stock worth $295,347,000 after acquiring an additional 190,689 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of FlexShares Quality Dividend Index Fund by 20.8% during the 1st quarter. Bank of New York Mellon Corp now owns 250,751 shares of the company’s stock worth $17,141,000 after acquiring an additional 43,227 shares during the period. LPL Financial LLC raised its holdings in shares of FlexShares Quality Dividend Index Fund by 13.1% during the 1st quarter. LPL Financial LLC now owns 365,274 shares of the company’s stock worth $24,970,000 after acquiring an additional 42,427 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of FlexShares Quality Dividend Index Fund by 66.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 96,561 shares of the company’s stock worth $6,601,000 after acquiring an additional 38,512 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.