FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Reaches New 52-Week High at $70.42

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) reached a new 52-week high on Monday . The stock traded as high as $70.42 and last traded at $70.31, with a volume of 3104 shares trading hands. The stock had previously closed at $70.30.

FlexShares Quality Dividend Index Fund Price Performance

The company has a fifty day simple moving average of $67.86 and a two-hundred day simple moving average of $65.74. The company has a market capitalization of $1.85 billion, a P/E ratio of 16.67 and a beta of 0.94.

Institutional Investors Weigh In On FlexShares Quality Dividend Index Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Parsons Capital Management Inc. RI grew its position in shares of FlexShares Quality Dividend Index Fund by 1.9% in the second quarter. Parsons Capital Management Inc. RI now owns 11,425 shares of the company’s stock valued at $760,000 after purchasing an additional 210 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of FlexShares Quality Dividend Index Fund by 0.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 73,806 shares of the company’s stock valued at $4,909,000 after purchasing an additional 301 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of FlexShares Quality Dividend Index Fund in the fourth quarter valued at about $36,000. Strategic Blueprint LLC grew its position in shares of FlexShares Quality Dividend Index Fund by 20.2% in the first quarter. Strategic Blueprint LLC now owns 4,763 shares of the company’s stock valued at $314,000 after purchasing an additional 800 shares during the last quarter. Finally, Hanlon Investment Management Inc. grew its position in shares of FlexShares Quality Dividend Index Fund by 2.3% in the first quarter. Hanlon Investment Management Inc. now owns 41,168 shares of the company’s stock valued at $2,713,000 after purchasing an additional 916 shares during the last quarter.

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.