FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Reaches New 12-Month Low – What’s Next?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) hit a new 52-week low during trading on Tuesday . The company traded as low as $47.60 and last traded at $47.6150, with a volume of 45213 shares. The stock had previously closed at $47.66.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The business’s 50-day moving average price is $48.04 and its two-hundred day moving average price is $48.43.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.1905 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 1st.

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

Several institutional investors have recently added to or reduced their stakes in the business. Birchwood Financial Partners Inc. purchased a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter valued at approximately $88,000. Fiduciary Alliance LLC purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter worth approximately $442,000. Finally, Horizon Bancorp Inc. IN boosted its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% in the 1st quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock valued at $8,746,000 after purchasing an additional 10,859 shares during the last quarter.

FlexShares Credit-Scored US Corporate Bond Index Fund Company Profile

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.