Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) saw strong 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 Performance
The stock's 50-day moving average price is $48.22 and its two-hundred day moving average price is $48.02.
FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $0.1814 per share. The ex-dividend date is Tuesday, July 1st. This represents a $2.18 annualized dividend and a dividend yield of 4.50%.
Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC boosted its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 642 shares of the company's stock worth $31,000 after acquiring an additional 321 shares during the period. McGinn Penninger Investment Management Inc. purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter worth $723,000. Vantage Financial Partners LLC purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the 1st quarter worth approximately $2,667,000. Horizon Bancorp Inc. IN increased its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 1.2% in the 1st quarter. Horizon Bancorp Inc. IN now owns 161,643 shares of the company's stock worth $7,812,000 after purchasing an additional 1,915 shares during the period. Finally, Anderson Financial Strategies LLC purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter valued at about $8,934,000.
FlexShares Credit-Scored US Corporate Bond Index Fund Company Profile
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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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