FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) saw an uptick in trading volume on Tuesday . 152,135 shares traded hands during mid-day trading, an increase of 345% from the previous session’s volume of 34,179 shares.The stock last traded at $81.0540 and had previously closed at $81.57.

FlexShares Quality Dividend Index Fund Stock Down 0.7%

The company’s 50-day simple moving average is $79.97 and its 200 day simple moving average is $77.02. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 21.14 and a beta of 0.93.

Institutional Investors Weigh In On FlexShares Quality Dividend Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harbor Asset Planning Inc. acquired a new position in FlexShares Quality Dividend Index Fund in the 2nd quarter valued at $37,000. Atria Wealth Solutions Inc. boosted its holdings in FlexShares Quality Dividend Index Fund by 8.9% during the second quarter. Atria Wealth Solutions Inc. now owns 5,232 shares of the company’s stock valued at $383,000 after acquiring an additional 426 shares during the period. MKT Advisors LLC bought a new stake in FlexShares Quality Dividend Index Fund during the second quarter valued at about $220,000. Magnus Financial Group LLC grew its position in shares of FlexShares Quality Dividend Index Fund by 0.7% in the second quarter. Magnus Financial Group LLC now owns 65,723 shares of the company’s stock valued at $4,810,000 after purchasing an additional 482 shares during the last quarter. Finally, Charter Capital Management LLC DE bought a new position in shares of FlexShares Quality Dividend Index Fund in the second quarter worth about $648,000.

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.