FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Strong Trading Volume – Still a Buy?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw unusually-strong trading volume on Monday . Approximately 56,473 shares traded hands during mid-day trading, a decline of 14% from the previous session’s volume of 65,979 shares.The stock last traded at $47.9550 and had previously closed at $48.05.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

The business has a fifty day moving average of $48.21 and a 200 day moving average of $48.58.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 7th. Investors 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 dividend yield of 4.8%. The ex-dividend date was Monday, August 3rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SKOR. Vantage Financial Partners LLC lifted its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% in 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. bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter worth $88,000. Fiduciary Alliance LLC bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth $442,000. Finally, Horizon Bancorp Inc. IN lifted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during the first quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock valued at $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.