FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Reaches New 1-Year Low – Here’s Why

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares hit a new 52-week low during trading on Monday . The company traded as low as $47.87 and last traded at $47.90, with a volume of 4118 shares changing hands. The stock had previously closed at $48.00.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Up 0.3%

The business has a 50-day moving average of $48.29 and a two-hundred day moving average of $48.65.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 7th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.1908 per share. The ex-dividend date of this dividend is 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) dividend on an annualized basis and a dividend yield of 4.8%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Horizon Bancorp Inc. IN raised its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% in the 1st 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 during the last quarter. Fiduciary Alliance LLC acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter worth $442,000. Birchwood Financial Partners Inc. bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter worth $88,000. Finally, Vantage Financial Partners LLC increased its holdings in 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 valued at $3,507,000 after purchasing an additional 8,428 shares during the period.

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.