FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Strong Trading Volume – Time to Buy?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR – Get Free Report) saw unusually-strong trading volume on Monday . 70,910 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 68,415 shares.The stock last traded at $48.33 and had previously closed at $48.42.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

The company has a 50-day moving average of $48.53 and a 200 day moving average of $48.86.

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FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, June 1st were paid a dividend of $0.1943 per share. This is a boost from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.19. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a yield of 4.8%.

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

A number of hedge funds have recently modified their holdings of SKOR. Birchwood Financial Partners Inc. purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter worth about $88,000. Fiduciary Alliance LLC acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter valued at about $442,000. Vantage Financial Partners LLC raised its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% in the 4th quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock valued at $3,507,000 after acquiring an additional 8,428 shares during the last quarter. Finally, Horizon Bancorp Inc. IN lifted its stake 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 worth $8,746,000 after purchasing an additional 10,859 shares in the last quarter.

FlexShares Credit-Scored US Corporate Bond Index Fund Company Profile

(Get Free Report)

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.

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