FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF) Hits New 1-Year High – Should You Buy?

FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.40 and last traded at $30.3650, with a volume of 35403 shares traded. The stock had previously closed at $30.23.

FlexShares International Quality Dividend Index Fund Stock Up 0.6%

The firm’s 50-day moving average price is $29.39 and its two-hundred day moving average price is $28.40. The firm has a market capitalization of $893.76 million, a PE ratio of 11.37 and a beta of 0.75.

Hedge Funds Weigh In On FlexShares International Quality Dividend Index Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Keybank National Association OH raised its stake in FlexShares International Quality Dividend Index Fund by 11.3% during the second quarter. Keybank National Association OH now owns 2,481,977 shares of the company’s stock worth $67,262,000 after acquiring an additional 252,844 shares in the last quarter. Wealthfront Advisers LLC lifted its position in FlexShares International Quality Dividend Index Fund by 88.4% during the 2nd quarter. Wealthfront Advisers LLC now owns 97,902 shares of the company’s stock worth $2,653,000 after buying an additional 45,946 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of FlexShares International Quality Dividend Index Fund during the second quarter valued at approximately $109,000. Red Tortoise LLC increased its stake in shares of FlexShares International Quality Dividend Index Fund by 1.6% in the 2nd quarter. Red Tortoise LLC now owns 47,079 shares of the company’s stock valued at $1,276,000 after buying an additional 744 shares during the period. Finally, RVW Wealth LLC raised its holdings in FlexShares International Quality Dividend Index Fund by 3.2% during the 2nd quarter. RVW Wealth LLC now owns 15,318 shares of the company’s stock worth $415,000 after purchasing an additional 469 shares during the last quarter.

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. IQDF was launched on Apr 12, 2013 and is managed by FlexShares.