FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Sees Strong Trading Volume – Should You Buy?

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) shares saw an uptick in trading volume on Tuesday . 152,135 shares were traded during 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 Performance

The firm has a market capitalization of $2.01 billion, a P/E ratio of 21.14 and a beta of 0.93. The firm’s 50-day moving average is $80.05 and its 200 day moving average is $77.14.

Institutional Inflows and Outflows

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

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.