FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sets New 1-Year Low – Should You Sell?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR)’s share price reached a new 52-week low on Wednesday . The company traded as low as $48.04 and last traded at $48.0450, with a volume of 11382 shares traded. The stock had previously closed at $48.12.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

The company has a 50 day moving average of $48.34 and a two-hundred day moving average of $48.71.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, July 1st were issued a $0.1861 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Wednesday, July 1st.

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

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