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

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw strong trading volume on Monday . 56,473 shares changed hands during 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 Price Performance

The company has a fifty day simple moving average of $48.20 and a 200-day simple moving average of $48.56.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 7th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.1908 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 4.8%. This is a boost from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.19.

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

A number of institutional investors and hedge funds have recently modified their holdings of SKOR. Birchwood Financial Partners Inc. acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 4th quarter valued at $88,000. Fiduciary Alliance LLC acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter worth about $442,000. Vantage Financial Partners LLC lifted 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 valued at $3,507,000 after buying an additional 8,428 shares in the last quarter. Finally, Horizon Bancorp Inc. IN lifted its stake 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 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.