FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sets New 1-Year High – Still a Buy?

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) reached a new 52-week high during trading on Friday . The stock traded as high as $49.53 and last traded at $49.4750, with a volume of 2750 shares changing hands. The stock had previously closed at $49.45.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

The firm’s fifty day moving average price is $49.20 and its two-hundred day moving average price is $49.18.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were paid a dividend of $0.1944 per share. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, February 2nd.

Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

Several hedge funds have recently made changes to their positions in SKOR. Advisors Preferred LLC acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the 2nd quarter worth approximately $163,000. Harbour Trust & Investment Management Co boosted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 0.9% during the third quarter. Harbour Trust & Investment Management Co now owns 310,554 shares of the company’s stock worth $15,295,000 after purchasing an additional 2,635 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% in the third quarter. Nations Financial Group Inc. IA ADV now owns 17,822 shares of the company’s stock valued at $878,000 after purchasing an additional 382 shares in the last quarter. Horizon Bancorp Inc. IN grew its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock valued at $8,420,000 after buying an additional 11,670 shares during the last quarter. Finally, Vantage Financial Partners LLC raised its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% in the 3rd quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company’s stock valued at $3,101,000 after purchasing an additional 9,562 shares during 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.