FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Trading Down 0.8% – Here’s Why

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF)’s stock price were down 0.8% during trading on Monday . The stock traded as low as $70.83 and last traded at $71.53. Approximately 33,771 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 31,446 shares. The stock had previously closed at $72.09.

FlexShares Quality Dividend Index Fund Trading Up 0.6 %

The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 16.67 and a beta of 0.94. The stock has a 50-day moving average price of $71.90 and a 200 day moving average price of $70.88.

Institutional Investors Weigh In On FlexShares Quality Dividend Index Fund

A number of large investors have recently made changes to their positions in QDF. US Bancorp DE increased its stake in FlexShares Quality Dividend Index Fund by 9.2% during the third quarter. US Bancorp DE now owns 4,012 shares of the company’s stock worth $288,000 after acquiring an additional 337 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in shares of FlexShares Quality Dividend Index Fund by 0.3% during the 4th quarter. Wealthspire Advisors LLC now owns 147,561 shares of the company’s stock worth $10,410,000 after purchasing an additional 387 shares during the period. Magnus Financial Group LLC increased its position in shares of FlexShares Quality Dividend Index Fund by 0.6% during the 4th quarter. Magnus Financial Group LLC now owns 64,749 shares of the company’s stock worth $4,568,000 after purchasing an additional 405 shares during the last quarter. Greenleaf Trust raised its holdings in FlexShares Quality Dividend Index Fund by 19.0% in the 3rd quarter. Greenleaf Trust now owns 3,941 shares of the company’s stock valued at $283,000 after buying an additional 628 shares during the period. Finally, Horizon Bancorp Inc. IN lifted its position in FlexShares Quality Dividend Index Fund by 1.3% in the fourth quarter. Horizon Bancorp Inc. IN now owns 52,582 shares of the company’s stock valued at $3,710,000 after buying an additional 666 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.