FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sets New 12-Month Low – What’s Next?

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $47.67 and last traded at $47.68, with a volume of 5543 shares. The stock had previously closed at $47.93.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The firm has a 50-day moving average of $48.10 and a 200 day moving average of $48.47.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.1905 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 1st.

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

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

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.