FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Stock Break Below Fifty Day Moving Average – Should You Sell?

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $47.14 and traded as low as $47.04. FlexShares Credit-Scored US Corporate Bond Index Fund shares last traded at $47.12, with a volume of 39,344 shares changing hands.

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

The firm has a 50 day simple moving average of $47.14 and a two-hundred day simple moving average of $48.20.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 6th. Investors of record on Monday, November 2nd were given a $0.2031 dividend. The ex-dividend date was Monday, November 2nd. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1607. This represents a $2.44 dividend on an annualized basis and a yield of 5.2%.

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

An institutional investor recently raised its position in FlexShares Credit-Scored US Corporate Bond Index Fund stock. Vaquero Private Wealth Ltd. increased its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) by 164.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,813 shares of the company’s stock after purchasing an additional 54,550 shares during the quarter. Vaquero Private Wealth Ltd. owned 0.39% of FlexShares Credit-Scored US Corporate Bond Index Fund worth $4,106,000 as of its most recent filing with the SEC.

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.