FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Sets New 52-Week High – Should You Buy?

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $72.92 and last traded at $72.92, with a volume of 10002 shares trading hands. The stock had previously closed at $72.36.

FlexShares Quality Dividend Index Fund Price Performance

The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 16.67 and a beta of 0.94. The firm’s fifty day moving average is $71.00 and its 200-day moving average is $68.17.

Institutional Trading of FlexShares Quality Dividend Index Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp increased its holdings in shares of FlexShares Quality Dividend Index Fund by 67.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 116,015 shares of the company’s stock worth $7,716,000 after acquiring an additional 46,883 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of FlexShares Quality Dividend Index Fund by 3.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 47,241 shares of the company’s stock worth $3,142,000 after acquiring an additional 1,548 shares during the period. Anson Capital Inc. increased its holdings in shares of FlexShares Quality Dividend Index Fund by 4.4% in the 2nd quarter. Anson Capital Inc. now owns 24,876 shares of the company’s stock worth $1,654,000 after acquiring an additional 1,043 shares during the period. Hanlon Investment Management Inc. increased its holdings in shares of FlexShares Quality Dividend Index Fund by 2.3% in the 2nd quarter. Hanlon Investment Management Inc. now owns 42,126 shares of the company’s stock worth $2,802,000 after acquiring an additional 958 shares during the period. Finally, Financial Counselors Inc. acquired a new stake in shares of FlexShares Quality Dividend Index Fund in the 2nd quarter worth about $284,000.

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.