FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF) Stock Price Down 6.2% – Here’s Why

FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDFGet Free Report) dropped 6.2% on Friday . The stock traded as low as $22.89 and last traded at $22.96. Approximately 121,416 shares changed hands during trading, an increase of 123% from the average daily volume of 54,490 shares. The stock had previously closed at $24.48.

FlexShares International Quality Dividend Index Fund Stock Down 6.2 %

The company’s fifty day moving average price is $24.83 and its two-hundred day moving average price is $24.78. The company has a market cap of $578.59 million, a price-to-earnings ratio of 12.19 and a beta of 0.87.

Hedge Funds Weigh In On FlexShares International Quality Dividend Index Fund

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in shares of FlexShares International Quality Dividend Index Fund during the third quarter worth approximately $1,168,000. MML Investors Services LLC lifted its holdings in FlexShares International Quality Dividend Index Fund by 14.1% during the 3rd quarter. MML Investors Services LLC now owns 64,612 shares of the company’s stock worth $1,699,000 after buying an additional 7,998 shares in the last quarter. Valued Retirements Inc. bought a new position in FlexShares International Quality Dividend Index Fund in the 3rd quarter valued at $394,000. Essex Savings Bank increased its stake in shares of FlexShares International Quality Dividend Index Fund by 14.9% in the 4th quarter. Essex Savings Bank now owns 14,263 shares of the company’s stock valued at $332,000 after buying an additional 1,847 shares during the period. Finally, UMB Bank n.a. raised its position in shares of FlexShares International Quality Dividend Index Fund by 0.9% during the fourth quarter. UMB Bank n.a. now owns 206,883 shares of the company’s stock worth $4,814,000 after acquiring an additional 1,906 shares during the last quarter.

About FlexShares International Quality Dividend Index Fund

(Get Free Report)

The FlexShares International Quality Dividend Index Fund (IQDF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of non-US companies from developed and emerging markets selected by dividend payments and other fundamentals. The index aims for market-like risk.

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