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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $47.87 and last traded at $47.90, with a volume of 4118 shares. The stock had previously closed at $48.00.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Down 0.2%

The business’s 50 day moving average is $48.30 and its 200-day moving average is $48.66.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 7th. Stockholders of record on Monday, August 3rd will be given a $0.1908 dividend. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.19. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, August 3rd.

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

A number of institutional investors have recently made changes to their positions in the business. Horizon Bancorp Inc. IN lifted its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during 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 last quarter. Fiduciary Alliance LLC acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter valued at approximately $442,000. Birchwood Financial Partners Inc. acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the 4th quarter valued at approximately $88,000. Finally, Vantage Financial Partners LLC increased its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% in the 4th quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock worth $3,507,000 after buying an additional 8,428 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.