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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR)’s share price reached a new 52-week low on Thursday. The stock traded as low as $46.54 and last traded at $46.51, with a volume of 2254 shares changing hands. The stock had previously closed at $46.78.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The firm has a 50-day moving average price of $47.69 and a 200-day moving average price of $48.19.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 7th. Investors of record on Thursday, October 1st will be paid a $0.1607 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This is a negative change from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1905. This represents a $1.93 annualized dividend and a yield of 4.1%.

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

A hedge fund recently raised its position in FlexShares Credit-Scored US Corporate Bond Index Fund stock. Horizon Bancorp Inc. IN raised its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) by 6.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 179,879 shares of the company’s stock after buying an additional 10,859 shares during the quarter. FlexShares Credit-Scored US Corporate Bond Index Fund comprises approximately 4.2% of Horizon Bancorp Inc. IN’s portfolio, making the stock its 8th biggest position. Horizon Bancorp Inc. IN owned 1.25% of FlexShares Credit-Scored US Corporate Bond Index Fund worth $8,746,000 at the end of the most recent 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.