FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Reaches New 12-Month High – Time to Buy?

Posted by Alanna Baker on Oct 13th, 2024

Shares of FlexShares Quality Dividend Index Fund (NYSEARCA:QDF – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $71.88 and last traded at $71.84, with a volume of 4581 shares traded. The stock had previously closed at $71.37.

FlexShares Quality Dividend Index Fund Stock Performance

The company’s 50 day moving average is $69.69 and its 200 day moving average is $67.13. The firm has a market cap of $1.90 billion, a P/E ratio of 16.67 and a beta of 0.94.

Hedge Funds Weigh In On FlexShares Quality Dividend Index Fund

Several large investors have recently bought and sold shares of the company. Parsons Capital Management Inc. RI raised its stake in shares of FlexShares Quality Dividend Index Fund by 1.9% during the second quarter. Parsons Capital Management Inc. RI now owns 11,425 shares of the company’s stock valued at $760,000 after acquiring an additional 210 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in FlexShares Quality Dividend Index Fund by 0.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 73,806 shares of the company’s stock worth $4,909,000 after buying an additional 301 shares during the period. Hanlon Investment Management Inc. lifted its holdings in FlexShares Quality Dividend Index Fund by 2.3% during the 1st quarter. Hanlon Investment Management Inc. now owns 41,168 shares of the company’s stock worth $2,713,000 after buying an additional 916 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of FlexShares Quality Dividend Index Fund in the second quarter valued at about $65,000. Finally, Anson Capital Inc. increased its stake in shares of FlexShares Quality Dividend Index Fund by 4.4% in the second quarter. Anson Capital Inc. now owns 24,876 shares of the company’s stock valued at $1,654,000 after buying an additional 1,043 shares during the period.

FlexShares Quality Dividend Index Fund Company Profile

(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.