FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Shares Up 0.6% – Here’s Why

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR – Get Free Report) rose 0.6% on Thursday. The stock traded as high as $47.30 and last traded at $47.25. Approximately 131,123 shares changed hands during trading, an increase of 27% from the average daily volume of 103,610 shares. The stock had previously closed at $46.97.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

The firm has a 50 day moving average of $47.33 and a two-hundred day moving average of $48.01.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, October 1st were given a $0.1607 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.93 annualized dividend and a yield of 4.1%. This is a decrease from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1905.

Institutional Investors Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

Hedge funds have recently modified their holdings of the business. Fiduciary Alliance LLC bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter worth $442,000. Horizon Bancorp Inc. IN raised its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during 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. Finally, Finward Bancorp bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the 3rd quarter valued at $8,471,000.

FlexShares Credit-Scored US Corporate Bond Index Fund Company Profile

(Get Free Report)

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.

Further Reading

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