FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF) Sees Large Volume Increase – Here’s Why

FlexShares International Quality Dividend Index Fund (NYSEARCA:IQDF) shares saw unusually-strong trading volume on Thursday . Approximately 209,473 shares were traded during mid-day trading, an increase of 316% from the previous session’s volume of 50,413 shares.The stock last traded at $23.43 and had previously closed at $23.29.

FlexShares International Quality Dividend Index Fund Price Performance

The company has a market capitalization of $543.11 million, a price-to-earnings ratio of 9.28 and a beta of 0.79. The business has a 50 day simple moving average of $24.81 and a 200 day simple moving average of $25.15.

Hedge Funds Weigh In On FlexShares International Quality Dividend Index Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its holdings in FlexShares International Quality Dividend Index Fund by 3.1% during the second quarter. Envestnet Asset Management Inc. now owns 449,521 shares of the company’s stock worth $11,180,000 after buying an additional 13,459 shares in the last quarter. Wealthspire Advisors LLC grew its holdings in shares of FlexShares International Quality Dividend Index Fund by 1.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 295,576 shares of the company’s stock worth $7,351,000 after acquiring an additional 4,644 shares during the period. Bank of New York Mellon Corp increased its stake in FlexShares International Quality Dividend Index Fund by 70.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 170,327 shares of the company’s stock valued at $4,236,000 after purchasing an additional 70,434 shares in the last quarter. International Assets Investment Management LLC raised its holdings in FlexShares International Quality Dividend Index Fund by 44,913.1% during the third quarter. International Assets Investment Management LLC now owns 141,341 shares of the company’s stock worth $3,716,000 after purchasing an additional 141,027 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in FlexShares International Quality Dividend Index Fund by 14.1% in the third quarter. MML Investors Services LLC now owns 64,612 shares of the company’s stock valued at $1,699,000 after purchasing an additional 7,998 shares during the last quarter.

FlexShares International Quality Dividend Index Fund Company Profile

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.