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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares saw strong trading volume on Monday . Approximately 70,910 shares changed hands during trading, an increase of 4% from the previous session’s volume of 68,415 shares.The stock last traded at $48.33 and had previously closed at $48.42.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The firm has a fifty day moving average of $48.53 and a 200 day moving average of $48.86.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, June 1st were issued a $0.1943 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Monday, June 1st. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.19.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Horizon Bancorp Inc. IN raised its holdings in shares of 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 worth $8,746,000 after acquiring an additional 10,859 shares during the period. Fiduciary Alliance LLC purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter valued at about $442,000. Vantage Financial Partners LLC grew its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% in the fourth quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock valued at $3,507,000 after purchasing an additional 8,428 shares during the period. Finally, Birchwood Financial Partners Inc. acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter worth 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.