FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Hits New 1-Year Low – What’s Next?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) reached a new 52-week low on Monday . The stock traded as low as $47.28 and last traded at $47.28, with a volume of 3363301 shares changing hands. The stock had previously closed at $47.28.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

The stock’s 50 day simple moving average is $47.97 and its 200-day simple moving average is $48.38.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

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

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

Several institutional investors have recently modified their holdings of the business. Birchwood Financial Partners Inc. purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter worth $88,000. Fiduciary Alliance LLC purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter valued at $442,000. Finally, Horizon Bancorp Inc. IN boosted its holdings in 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 during the period.

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.