FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) Reaches New 1-Year Low – Time to Sell?

Shares of FlexShares Quality Dividend Index Fund (NYSEARCA:QDF) hit a new 52-week low during trading on Friday . The stock traded as low as $61.65 and last traded at $61.75, with a volume of 56645 shares trading hands. The stock had previously closed at $65.42.

FlexShares Quality Dividend Index Fund Stock Performance

The stock has a market capitalization of $1.58 billion, a P/E ratio of 22.60 and a beta of 0.97. The company’s 50-day moving average price is $70.42 and its 200 day moving average price is $71.31.

Institutional Trading of FlexShares Quality Dividend Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC grew its stake in shares of FlexShares Quality Dividend Index Fund by 48.5% in the 4th quarter. CoreCap Advisors LLC now owns 915 shares of the company’s stock worth $65,000 after buying an additional 299 shares in the last quarter. Empire Financial Management Company LLC purchased a new stake in FlexShares Quality Dividend Index Fund during the 3rd quarter valued at $215,000. Fidelis Capital Partners LLC bought a new stake in FlexShares Quality Dividend Index Fund in the fourth quarter worth $219,000. SVB Wealth LLC purchased a new position in FlexShares Quality Dividend Index Fund during the fourth quarter worth $226,000. Finally, Jones Financial Companies Lllp boosted its stake in FlexShares Quality Dividend Index Fund by 113.7% during the fourth quarter. Jones Financial Companies Lllp now owns 3,472 shares of the company’s stock worth $245,000 after buying an additional 1,847 shares during the period.

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.