FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Hits New 1-Year Low – Time to Sell?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $47.86 and last traded at $47.88, with a volume of 2368 shares trading hands. The stock had previously closed at $47.90.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

The company has a 50-day moving average of $48.20 and a two-hundred day moving average of $48.56.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 7th. Shareholders of record on Monday, August 3rd were given 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) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, August 3rd.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Horizon Bancorp Inc. IN increased its stake 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 worth $8,746,000 after acquiring an additional 10,859 shares in the last quarter. Vantage Financial Partners LLC boosted its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% during the fourth quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock worth $3,507,000 after acquiring an additional 8,428 shares in the last quarter. Birchwood Financial Partners Inc. bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter worth about $88,000. Finally, Fiduciary Alliance LLC purchased a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth about $442,000.

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.