FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Reaches New 1-Year High – Here’s Why

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $82.38 and last traded at $82.17, with a volume of 20836 shares changing hands. The stock had previously closed at $81.20.

FlexShares Quality Dividend Index Fund Trading Up 1.2%

The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 21.14 and a beta of 0.93. The firm’s 50 day simple moving average is $79.84 and its 200-day simple moving average is $76.72.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. purchased a new stake in FlexShares Quality Dividend Index Fund in the 2nd quarter valued at approximately $37,000. Asset Dedication LLC acquired a new stake in shares of FlexShares Quality Dividend Index Fund in the 2nd quarter valued at approximately $51,000. Rossmore Private Capital purchased a new stake in shares of FlexShares Quality Dividend Index Fund in the third quarter valued at approximately $66,000. GPS Wealth Strategies Group LLC acquired a new position in FlexShares Quality Dividend Index Fund during the third quarter worth $69,000. Finally, CoreCap Advisors LLC grew its holdings in FlexShares Quality Dividend Index Fund by 17.8% during the third quarter. CoreCap Advisors LLC now owns 1,065 shares of the company’s stock worth $85,000 after acquiring an additional 161 shares during the period.

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.