FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR – Get Free Report) rose 0.6% on Thursday. The company traded as high as $47.30 and last traded at $47.25. Approximately 131,123 shares traded hands during trading, an increase of 27% from the average session volume of 103,610 shares. The stock had previously closed at $46.97.
FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance
The firm’s fifty day moving average is $47.32 and its two-hundred day moving average is $48.01.
FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, October 1st were given a dividend of $0.1607 per share. This is a negative change from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1905. The ex-dividend date was Thursday, October 1st. This represents a $1.93 dividend on an annualized basis and a dividend yield of 4.1%.
Institutional Trading of FlexShares Credit-Scored US Corporate Bond Index Fund
Institutional investors have recently made changes to their positions in the stock. Horizon Bancorp Inc. IN boosted its holdings in shares of 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 acquiring an additional 10,859 shares in the last quarter. Finward Bancorp bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the third quarter worth approximately $8,471,000. Finally, Fiduciary Alliance LLC bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter worth approximately $442,000.
About FlexShares Credit-Scored US Corporate Bond Index Fund
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.
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