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) saw unusually-strong trading volume on Monday . Approximately 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 Performance

The stock has a 50-day simple moving average of $48.89 and a 200 day simple moving average of $49.08.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st were given a dividend of $0.1959 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This is a boost 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 yield of 4.8%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Birchwood Financial Partners Inc. acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter valued at $88,000. Nations Financial Group Inc. IA ADV increased its stake 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 worth $878,000 after acquiring an additional 382 shares during the last quarter. Vantage Financial Partners LLC raised its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% during the third quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company’s stock worth $3,101,000 after acquiring an additional 9,562 shares in the last quarter. Horizon Bancorp Inc. IN boosted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% during 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 grew 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 purchasing an additional 2,635 shares in the last quarter.

FlexShares Credit-Scored US Corporate Bond Index Fund Company Profile

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.