FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Stock Price Down 0.1% – Here’s Why

FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) shares fell 0.1% on Friday . The company traded as low as $70.47 and last traded at $70.47. 35,153 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 40,627 shares. The stock had previously closed at $70.51.

FlexShares Quality Dividend Index Fund Stock Performance

The company has a market cap of $1.86 billion, a price-to-earnings ratio of 16.67 and a beta of 0.94. The stock’s fifty day simple moving average is $70.83 and its two-hundred day simple moving average is $67.84.

Hedge Funds Weigh In On FlexShares Quality Dividend Index Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cozad Asset Management Inc. acquired a new position in FlexShares Quality Dividend Index Fund in the 3rd quarter worth $206,000. Farther Finance Advisors LLC lifted its holdings in FlexShares Quality Dividend Index Fund by 218.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,584 shares of the company’s stock worth $114,000 after buying an additional 1,087 shares in the last quarter. US Bancorp DE lifted its holdings in FlexShares Quality Dividend Index Fund by 9.2% in the 3rd quarter. US Bancorp DE now owns 4,012 shares of the company’s stock worth $288,000 after buying an additional 337 shares in the last quarter. Horizon Bancorp Inc. IN lifted its holdings in FlexShares Quality Dividend Index Fund by 29.5% in the 3rd quarter. Horizon Bancorp Inc. IN now owns 51,916 shares of the company’s stock worth $3,723,000 after buying an additional 11,825 shares in the last quarter. Finally, Greenleaf Trust lifted 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 worth $283,000 after buying an additional 628 shares in the last quarter.

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.