FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Hits New 12-Month Low – Here’s What Happened

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) hit a new 52-week low during trading on Tuesday . The stock traded as low as $47.60 and last traded at $47.6150, with a volume of 45213 shares trading hands. The stock had previously closed at $47.66.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The business has a 50-day simple moving average of $48.01 and a two-hundred day simple moving average of $48.41.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Tuesday, September 1st were paid a $0.1905 dividend. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Tuesday, September 1st.

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

Several large investors have recently made changes to their positions in SKOR. Birchwood Financial Partners Inc. bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter valued at about $88,000. Fiduciary Alliance LLC bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter worth about $442,000. Finally, Horizon Bancorp Inc. IN grew its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during the first quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock worth $8,746,000 after buying an additional 10,859 shares during 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.