FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Hits New 1-Year Low – Should You 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 changing hands. The stock had previously closed at $47.90.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The stock has a 50-day moving average of $48.21 and a 200-day moving average of $48.57.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The firm also recently announced 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. The ex-dividend date was Monday, August 3rd. This is a positive change 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%.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Birchwood Financial Partners Inc. bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter valued at about $88,000. Vantage Financial Partners LLC increased its position 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 last quarter. Fiduciary Alliance LLC bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth approximately $442,000. Finally, Horizon Bancorp Inc. IN raised its stake 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 valued at $8,746,000 after purchasing an additional 10,859 shares in the last quarter.

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.