FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Unusually-High Trading Volume – What’s Next?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares saw an uptick in trading volume on Monday . 63,841 shares changed hands during trading, an increase of 32% from the previous session’s volume of 48,503 shares.The stock last traded at $47.99 and had previously closed at $48.10.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Down 0.0%

The stock has a fifty day moving average of $47.98 and a 200-day moving average of $47.98.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.1986 per share. The ex-dividend date was Thursday, May 1st. This represents a $2.38 dividend on an annualized basis and a dividend yield of 4.96%.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC grew its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 642 shares of the company’s stock valued at $31,000 after purchasing an additional 321 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the third quarter worth about $70,000. McGinn Penninger Investment Management Inc. purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter worth approximately $723,000. Nations Financial Group Inc. IA ADV lifted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company’s stock valued at $1,148,000 after acquiring an additional 4,365 shares in the last quarter. Finally, Vantage Financial Partners LLC bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter valued at approximately $2,667,000.

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.