FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Strong Trading Volume – Here’s Why

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw unusually-high trading volume on Thursday . Approximately 351,936 shares traded hands during trading, an increase of 419% from the previous session’s volume of 67,784 shares.The stock last traded at $48.1050 and had previously closed at $48.08.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The business’s fifty day simple moving average is $48.16 and its 200-day simple moving average is $48.52.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 7th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.1908 per share. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.19. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Monday, August 3rd.

Institutional Trading of FlexShares Credit-Scored US Corporate Bond Index Fund

Large investors have recently modified their holdings of the business. Birchwood Financial Partners Inc. purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter valued at $88,000. Vantage Financial Partners LLC lifted its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% in the 4th quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock worth $3,507,000 after purchasing an additional 8,428 shares during the period. Fiduciary Alliance LLC purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter worth about $442,000. Finally, Horizon Bancorp Inc. IN increased its position in shares of 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 valued at $8,746,000 after buying an additional 10,859 shares during the period.

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.