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

Key Points

• The FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR) reached a new 52-week high of $49.27 during trading, up from its previous close of $49.20.
• The fund declared a monthly dividend of $0.1845 per share, offering an annualized yield of 4.5%, with the payment scheduled for September 8th.
• Several hedge funds have made significant changes to their positions in SKOR, indicating growing interest from institutional investors in this bond fund.

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $49.27 and last traded at $49.26, with a volume of 372 shares trading hands. The stock had previously closed at $49.20.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The stock's 50 day simple moving average is $48.81 and its two-hundred day simple moving average is $48.36.

FlexShares Credit-Scored US Corporate Bond Index Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, September 8th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.1845 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Tuesday, September 2nd.

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

Institutional investors have recently modified their holdings of the business. Advisors Preferred LLC purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 2nd quarter valued at approximately $163,000. Harbour Trust & Investment Management Co lifted its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 0.4% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 307,919 shares of the company's stock valued at $15,020,000 after buying an additional 1,316 shares in the last quarter. Vantage Financial Partners LLC purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter valued at approximately $2,667,000. Golden State Wealth Management LLC lifted its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 642 shares of the company's stock valued at $31,000 after buying an additional 321 shares in the last quarter. Finally, McGinn Penninger Investment Management Inc. purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter valued at approximately $723,000.

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.