FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Sets New 12-Month High – Should You Buy?

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) shares reached 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. The stock had previously closed at $73.68.

FlexShares Quality Dividend Index Fund Stock Up 0.3 %

The company has a market capitalization of $1.95 billion, a P/E ratio of 16.67 and a beta of 0.94. The business’s 50-day moving average is $71.87 and its two-hundred day moving average is $69.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QDF. VeraBank N.A. increased its position in shares of FlexShares Quality Dividend Index Fund by 1.8% in the third quarter. VeraBank N.A. now owns 410,518 shares of the company’s stock valued at $29,438,000 after acquiring an additional 7,455 shares during the period. Transform Wealth LLC lifted 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 purchasing an additional 193,950 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of FlexShares Quality Dividend Index Fund by 8.9% during the second quarter. Envestnet Asset Management Inc. now owns 254,799 shares of the company’s stock valued at $16,947,000 after purchasing an additional 20,830 shares during the last quarter. Ledyard National Bank boosted its position in shares of FlexShares Quality Dividend Index Fund by 4.4% in the 3rd quarter. Ledyard National Bank now owns 169,139 shares of the company’s stock worth $12,129,000 after purchasing an additional 7,074 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its stake in shares of FlexShares Quality Dividend Index Fund by 5.4% in the 2nd quarter. Bridges Investment Management Inc. now owns 143,420 shares of the company’s stock worth $9,539,000 after buying an additional 7,403 shares during 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.