FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Shares Up 1.3% – Time to Buy?

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) shares shot up 1.3% on Tuesday . The stock traded as high as $76.89 and last traded at $76.88. 23,758 shares were traded during mid-day trading, a decline of 38% from the average session volume of 38,248 shares. The stock had previously closed at $75.87.

FlexShares Quality Dividend Index Fund Stock Performance

The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 21.14 and a beta of 0.97. The firm’s 50-day simple moving average is $73.63 and its two-hundred day simple moving average is $70.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Magnus Financial Group LLC raised its holdings in FlexShares Quality Dividend Index Fund by 0.8% during the 1st quarter. Magnus Financial Group LLC now owns 65,241 shares of the company’s stock worth $4,460,000 after buying an additional 492 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of FlexShares Quality Dividend Index Fund by 3.5% in the fourth quarter. Ameriprise Financial Inc. now owns 5,990 shares of the company’s stock valued at $423,000 after purchasing an additional 200 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of FlexShares Quality Dividend Index Fund by 89.3% in the fourth quarter. Two Sigma Investments LP now owns 33,500 shares of the company’s stock valued at $2,363,000 after purchasing an additional 15,800 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of FlexShares Quality Dividend Index Fund by 48.5% in the fourth quarter. CoreCap Advisors LLC now owns 915 shares of the company’s stock valued at $65,000 after purchasing an additional 299 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of FlexShares Quality Dividend Index Fund by 59.8% in the fourth quarter. Stifel Financial Corp now owns 7,508 shares of the company’s stock valued at $530,000 after purchasing an additional 2,811 shares during the last quarter.

FlexShares Quality Dividend Index Fund Company Profile

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.