FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Reaches New 12-Month Low – Should You Sell?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $48.06 and last traded at $48.0550, with a volume of 12178 shares. The stock had previously closed at $48.17.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The firm has a fifty day moving average of $48.41 and a 200 day moving average of $48.78.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, July 1st were paid a $0.1861 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in SKOR. Horizon Bancorp Inc. IN grew its position 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 during the period. Fiduciary Alliance LLC bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth $442,000. Vantage Financial Partners LLC increased its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% during the fourth quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock valued at $3,507,000 after acquiring an additional 8,428 shares during the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter valued at $88,000.

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.