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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $48.04 and last traded at $48.0450, with a volume of 11382 shares trading hands. The stock had previously closed at $48.12.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

The business has a fifty day moving average of $48.36 and a 200-day moving average of $48.73.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, July 1st were issued a $0.1861 dividend. This represents a c) dividend on an annualized basis and a dividend 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

Several hedge funds have recently bought and sold shares of the company. Horizon Bancorp Inc. IN lifted its stake in 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 worth $8,746,000 after purchasing an additional 10,859 shares in the last quarter. Vantage Financial Partners LLC increased 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 worth $3,507,000 after purchasing an additional 8,428 shares during the period. Fiduciary Alliance LLC bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth $442,000. Finally, Birchwood Financial Partners Inc. purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter worth $88,000.

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.