FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF) Sees Strong Trading Volume – Here’s What Happened

FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF) shares saw unusually-high trading volume on Friday . Approximately 85,849 shares changed hands during mid-day trading, an increase of 54% from the previous session’s volume of 55,879 shares.The stock last traded at $23.07 and had previously closed at $23.32.

FlexShares International Quality Dividend Index Fund Price Performance

The company has a market cap of $533.37 million, a price-to-earnings ratio of 9.28 and a beta of 0.79. The business’s 50-day simple moving average is $24.33 and its 200-day simple moving average is $25.01.

Hedge Funds Weigh In On FlexShares International Quality Dividend Index Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in FlexShares International Quality Dividend Index Fund by 70.5% during the second quarter. Bank of New York Mellon Corp now owns 170,327 shares of the company’s stock valued at $4,236,000 after acquiring an additional 70,434 shares during the period. Commonwealth Equity Services LLC increased its position in FlexShares International Quality Dividend Index Fund by 15.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 27,903 shares of the company’s stock worth $694,000 after purchasing an additional 3,754 shares in the last quarter. Natixis Advisors LLC purchased a new position in FlexShares International Quality Dividend Index Fund in the second quarter valued at approximately $394,000. Ashton Thomas Private Wealth LLC acquired a new position in FlexShares International Quality Dividend Index Fund during the second quarter valued at approximately $55,000. Finally, Idaho Trust Bank purchased a new stake in FlexShares International Quality Dividend Index Fund during the second quarter worth approximately $246,000.

About FlexShares International Quality Dividend Index Fund

The FlexShares International Quality Dividend Index Fund (IQDF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of non-US companies from developed and emerging markets selected by dividend payments and other fundamentals. The index aims for market-like risk.