Surface mount bead core
It sounds like you either have a broken bead, haven't got a good contact with your probes, or you have a capacitor rather than a bead (they can look very similar)
Where did the SMD bead come from?
It's not unknown for big vendors to ship the wrong parts in the right packaging or vice versa. It's happened to us about 5 times in the past 6 months - on one occasion they got it wrong 3 times in the same fashion for the same part (well we have a load of spare capacitors now...)   

The surface mount bead should have a low DC resistance (100mOhm according to the product page)

To figure out whether it's actually a cap, if you have a LCR tester, try it on the part and see what you get. If you don't have one, you will have to get a bit more inventive (e.g. scope + signal generator)
A multimeter on high resistance range (e.g. 1 Megaohm or higher) can give a good idea - if the resistance starts out low(ish) and quickly rises to infinity then it's probably a capacitor. Swap testing leads to reverse the charge to test more than once.    

First, try another couple of parts from the package to make sure it's not just a broken part.