FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR – Get Free Report)’s stock price rose 0.6% during mid-day trading on Thursday. The stock traded as high as $47.30 and last traded at $47.25. Approximately 131,123 shares were traded during trading, an increase of 27% from the average session volume of 103,610 shares. The stock had previously closed at $46.97.
FlexShares Credit-Scored US Corporate Bond Index Fund Trading Up 0.6%
The stock’s 50-day moving average price is $47.33 and its 200 day moving average price is $48.01.
FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, October 1st were given a $0.1607 dividend. The ex-dividend date was Thursday, October 1st. This represents a $1.93 dividend on an annualized basis and a dividend yield of 4.1%. This is a decrease from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1905.
Institutional Trading of FlexShares Credit-Scored US Corporate Bond Index Fund
A number of institutional investors and hedge funds have recently modified their holdings of the company. Fiduciary Alliance LLC bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at approximately $442,000. Horizon Bancorp Inc. IN raised its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% in the first quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock valued at $8,746,000 after purchasing an additional 10,859 shares in the last quarter. Finally, Finward Bancorp bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the third quarter worth $8,471,000.
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.
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