FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Large Volume Increase - Time to Buy?

Key Points

• Shares of SKOR saw a 21% increase in trading volume to 71,067 shares on Monday, with the price up 0.2% to $48.615 and trading slightly below its 50- and 200-day moving averages (~$49.17–$49.19).
• The fund paid a monthly dividend of $0.176 (ex-dividend March 2), implying an annualized yield of about 4.3%.
• Several institutional investors have modestly increased positions—most notably Harbour Trust, which holds 310,554 shares (~$15.3M)—indicating ongoing institutional interest in the investment-grade corporate bond ETF.

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - ) saw an uptick in trading volume on Monday . 71,067 shares were traded during trading, an increase of 21% from the previous session's volume of 58,578 shares.The stock last traded at $48.6150 and had previously closed at $48.49.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Up 0.2%

The firm has a fifty day moving average price of $49.17 and a 200-day moving average price of $49.19.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were issued a $0.176 dividend. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, March 2nd.

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

Several large investors have recently made changes to their positions in SKOR. Harbour Trust & Investment Management Co raised its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 0.9% during the third quarter. Harbour Trust & Investment Management Co now owns 310,554 shares of the company's stock valued at $15,295,000 after purchasing an additional 2,635 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 17,822 shares of the company's stock valued at $878,000 after purchasing an additional 382 shares during the last quarter. Horizon Bancorp Inc. IN increased its stake in shares of 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. Vantage Financial Partners LLC raised its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% during the 3rd quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company's stock worth $3,101,000 after buying an additional 9,562 shares in the last quarter. Finally, Birchwood Financial Partners Inc. bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter worth $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.

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