FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Trading Down 0% – Here’s Why

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) were down 0% during mid-day trading on Thursday . The stock traded as low as $49.13 and last traded at $49.17. Approximately 47,312 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 51,051 shares. The stock had previously closed at $49.18.

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

The company has a 50 day simple moving average of $49.22 and a 200 day simple moving average of $48.90.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, December 1st were issued a dividend of $0.1826 per share. The ex-dividend date of this dividend was Monday, December 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) dividend on an annualized basis and a dividend yield of 4.5%.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisors Preferred LLC acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the 2nd quarter valued at about $163,000. Nations Financial Group Inc. IA ADV grew its position in shares of 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 purchasing an additional 382 shares in the last quarter. Vantage Financial Partners LLC grew its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% in the third quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company’s stock valued at $3,101,000 after purchasing an additional 9,562 shares in the last quarter. Horizon Bancorp Inc. IN increased its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% in the third quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock valued at $8,420,000 after purchasing an additional 11,670 shares during the last quarter. Finally, Harbour Trust & Investment Management Co increased its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 0.4% in the second quarter. Harbour Trust & Investment Management Co now owns 307,919 shares of the company’s stock valued at $15,020,000 after purchasing an additional 1,316 shares during the last quarter.

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.