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

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw an uptick in trading volume on Monday . 46,427 shares changed hands during mid-day trading, a decline of 34% from the previous session’s volume of 70,579 shares.The stock last traded at $48.8950 and had previously closed at $48.76.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Down 0.2%

The firm has a fifty day moving average of $48.88 and a 200-day moving average of $49.08.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were paid 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) annualized dividend and a yield of 4.8%.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Nations Financial Group Inc. IA ADV lifted its stake in 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 buying an additional 382 shares during the period. Birchwood Financial Partners Inc. acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter valued at about $88,000. Harbour Trust & Investment Management Co lifted its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 0.9% in the third quarter. Harbour Trust & Investment Management Co now owns 310,554 shares of the company’s stock valued at $15,295,000 after buying an additional 2,635 shares during the period. Vantage Financial Partners LLC raised its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% during the fourth quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock worth $3,507,000 after purchasing an additional 8,428 shares during the period. Finally, Fiduciary Alliance LLC acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter worth about $442,000.

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.