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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares reached a new 52-week low on Tuesday . The stock traded as low as $47.67 and last traded at $47.68, with a volume of 5543 shares traded. The stock had previously closed at $47.93.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Down 0.5%

The stock’s fifty day simple moving average is $48.13 and its 200-day simple moving average is $48.49.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Tuesday, September 1st will be given 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 is Tuesday, September 1st.

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

Several hedge funds have recently made changes to their positions in SKOR. Vantage Financial Partners LLC boosted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% during the 4th 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. Birchwood Financial Partners Inc. acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter worth $88,000. Fiduciary Alliance LLC acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth $442,000. Finally, Horizon Bancorp Inc. IN increased its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% in the first quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock worth $8,746,000 after buying an additional 10,859 shares during the period.

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.