Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) saw an uptick in trading volume on Tuesday . 122,586 shares traded hands during trading, an increase of 142% from the previous session's volume of 50,617 shares.The stock last traded at $48.40 and had previously closed at $48.53.
FlexShares Credit-Scored US Corporate Bond Index Fund Stock Down 0.2%
The company has a 50 day moving average of $48.24 and a two-hundred day moving average of $48.04.
FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, July 1st were paid a dividend of $0.1814 per share. This represents a $2.18 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Tuesday, July 1st.
Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund
Institutional investors and hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC boosted its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 642 shares of the company's stock worth $31,000 after purchasing an additional 321 shares in the last quarter. McGinn Penninger Investment Management Inc. bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter worth about $723,000. Vantage Financial Partners LLC bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter worth about $2,667,000. Horizon Bancorp Inc. IN grew its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 1.2% during the 1st quarter. Horizon Bancorp Inc. IN now owns 161,643 shares of the company's stock valued at $7,812,000 after purchasing an additional 1,915 shares during the last quarter. Finally, Anderson Financial Strategies LLC bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter valued at about $8,934,000.
About FlexShares Credit-Scored US Corporate Bond Index Fund
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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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