Newport Wealth Strategies Inc. acquired a new stake in shares of FlexShares Trust (NYSEARCA:IQDF) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 61,988 shares of the company’s stock, valued at approximately $1,736,000. FlexShares Trust makes up about 1.2% of Newport Wealth Strategies Inc.’s investment portfolio, making the stock its 18th largest position. Newport Wealth Strategies Inc. owned 0.16% of FlexShares Trust as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in FlexShares Trust in the fourth quarter valued at approximately $757,000. LPL Financial LLC boosted its stake in FlexShares Trust by 5.2% in the fourth quarter. LPL Financial LLC now owns 611,565 shares of the company’s stock valued at $16,384,000 after acquiring an additional 30,139 shares in the last quarter. Advisor Group Inc. boosted its stake in FlexShares Trust by 110.4% in the fourth quarter. Advisor Group Inc. now owns 6,595 shares of the company’s stock valued at $176,000 after acquiring an additional 3,460 shares in the last quarter. CLS Investments LLC boosted its stake in FlexShares Trust by 10.0% in the fourth quarter. CLS Investments LLC now owns 37,578 shares of the company’s stock valued at $1,007,000 after acquiring an additional 3,420 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. acquired a new stake in FlexShares Trust in the fourth quarter valued at approximately $402,000.
IQDF traded down $0.18 during trading on Friday, hitting $26.17. The stock had a trading volume of 146,150 shares, compared to its average volume of 123,542. FlexShares Trust has a twelve month low of $23.98 and a twelve month high of $28.63.
The company also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Tuesday, March 20th were paid a $0.102 dividend. The ex-dividend date was Monday, March 19th. This represents a $0.41 annualized dividend and a yield of 1.56%.
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