FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Trading Up 0.1% – Still a Buy?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares were up 0.1% during trading on Tuesday . The stock traded as high as $49.11 and last traded at $49.06. Approximately 40,009 shares changed hands during trading, a decline of 20% from the average daily volume of 49,758 shares. The stock had previously closed at $49.03.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The firm has a 50 day moving average price of $49.24 and a 200-day moving average price of $48.76.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 7th. Shareholders of record on Monday, November 3rd were paid a $0.1815 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, November 3rd.

Institutional Trading of FlexShares Credit-Scored US Corporate Bond Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in SKOR. Nations Financial Group Inc. IA ADV increased its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 17,822 shares of the company’s stock worth $878,000 after buying an additional 382 shares during the period. Harbour Trust & Investment Management Co grew its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 0.4% during the second quarter. Harbour Trust & Investment Management Co now owns 307,919 shares of the company’s stock worth $15,020,000 after acquiring an additional 1,316 shares during the last quarter. Advisors Preferred LLC purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the second quarter worth approximately $163,000. Vantage Financial Partners LLC increased its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% in the 3rd quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company’s stock valued at $3,101,000 after acquiring an additional 9,562 shares during the period. Finally, Horizon Bancorp Inc. IN raised its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% in the 3rd quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock valued at $8,420,000 after purchasing an additional 11,670 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.