FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Sees Unusually-High Trading Volume – Here’s Why

Shares of FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) saw unusually-high trading volume on Tuesday . Approximately 172,533 shares changed hands during trading, an increase of 401% from the previous session’s volume of 34,457 shares.The stock last traded at $78.47 and had previously closed at $78.59.

FlexShares Quality Dividend Index Fund Price Performance

The company has a market cap of $1.95 billion, a price-to-earnings ratio of 21.14 and a beta of 0.93. The firm has a fifty day simple moving average of $79.30 and a 200 day simple moving average of $75.43.

Hedge Funds Weigh In On FlexShares Quality Dividend Index Fund

Several large investors have recently made changes to their positions in QDF. NewEdge Advisors LLC boosted its stake in FlexShares Quality Dividend Index Fund by 4.0% during the 3rd quarter. NewEdge Advisors LLC now owns 6,297 shares of the company’s stock valued at $500,000 after purchasing an additional 240 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in FlexShares Quality Dividend Index Fund by 5.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 11,499 shares of the company’s stock worth $913,000 after purchasing an additional 553 shares during the period. Flow Traders U.S. LLC lifted its stake in FlexShares Quality Dividend Index Fund by 137.2% during the third quarter. Flow Traders U.S. LLC now owns 6,811 shares of the company’s stock worth $541,000 after purchasing an additional 3,939 shares during the period. Creative Planning boosted its stake in FlexShares Quality Dividend Index Fund by 5.0% in the 3rd quarter. Creative Planning now owns 13,781 shares of the company’s stock valued at $1,094,000 after buying an additional 658 shares in the last quarter. Finally, Glenmede Investment Management LP bought a new position in FlexShares Quality Dividend Index Fund during the 3rd quarter valued at about $278,000.

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.