FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Reaches New 1-Year Low – What’s Next?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $48.06 and last traded at $48.0550, with a volume of 12178 shares traded. The stock had previously closed at $48.17.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Up 0.2%

The firm’s fifty day moving average price is $48.39 and its 200 day moving average price is $48.76.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, July 1st were issued a $0.1861 dividend. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Wednesday, July 1st.

Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

A number of institutional investors have recently modified their holdings of SKOR. Horizon Bancorp Inc. IN boosted its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during the first quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock worth $8,746,000 after buying an additional 10,859 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth about $442,000. Vantage Financial Partners LLC boosted its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% during the 4th quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock worth $3,507,000 after acquiring an additional 8,428 shares in the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 4th quarter valued at about $88,000.

About FlexShares Credit-Scored US Corporate Bond Index Fund

The FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of intermediate-maturity, investment-grade corporate bonds that are selected and weighted by fundamental factors. SKOR was launched on Nov 12, 2014 and is managed by FlexShares.