FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Unusually-High Trading Volume – Should You Buy?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares saw strong trading volume on Thursday . 195,863 shares traded hands during mid-day trading, an increase of 189% from the previous session’s volume of 67,736 shares.The stock last traded at $48.69 and had previously closed at $48.58.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Up 0.1%

The firm has a fifty day moving average price of $48.81 and a 200 day moving average price of $49.06.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were given a $0.1959 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This is a positive change from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

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

Hedge funds have recently made changes to their positions in the business. Horizon Bancorp Inc. IN lifted its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during the 1st 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 during the last quarter. Fiduciary Alliance LLC acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter valued at $442,000. Birchwood Financial Partners Inc. acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter valued at $88,000. Vantage Financial Partners LLC lifted its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% during 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 last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% during the 3rd 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 during the last quarter.

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.