FlexShares Real Assets Allocation Index Fund (NASDAQ:ASET) Trading Down 0.2% – Should You Sell?

FlexShares Real Assets Allocation Index Fund (NASDAQ:ASET) shares dropped 0.2% during mid-day trading on Tuesday . The stock traded as low as $33.26 and last traded at $33.26. Approximately 695 shares traded hands during trading, a decline of 22% from the average daily volume of 894 shares. The stock had previously closed at $33.32.

FlexShares Real Assets Allocation Index Fund Stock Down 0.2%

The firm has a market cap of $7.32 million, a price-to-earnings ratio of 18.17 and a beta of 0.84. The company’s 50-day moving average price is $32.89 and its 200-day moving average price is $31.95.

FlexShares Real Assets Allocation Index Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Thursday, June 26th were given a dividend of $0.333 per share. This is a boost from FlexShares Real Assets Allocation Index Fund’s previous quarterly dividend of $0.08. This represents a $1.33 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, June 26th.

Institutional Trading of FlexShares Real Assets Allocation Index Fund

A hedge fund recently raised its stake in FlexShares Real Assets Allocation Index Fund stock. NBT Bank N A NY lifted its holdings in shares of FlexShares Real Assets Allocation Index Fund (NASDAQ:ASET) by 86.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,965 shares of the company’s stock after purchasing an additional 10,215 shares during the quarter. NBT Bank N A NY owned about 8.79% of FlexShares Real Assets Allocation Index Fund worth $684,000 as of its most recent filing with the SEC.

About FlexShares Real Assets Allocation Index Fund

The FlexShares Real Assets Allocation Index Fund (ASET) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a fund-of-funds that gives investors diversified global exposure to real assets. ASET was launched on Nov 23, 2015 and is managed by FlexShares.