Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 38,278 shares traded hands during mid-day trading, a decline of 21% from the previous session's volume of 48,632 shares.The stock last traded at $48.05 and had previously closed at $48.26.
FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance
The firm has a 50 day moving average of $47.97 and a two-hundred day moving average of $47.99.
FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend
The company also recently declared a monthly dividend, which was paid on Friday, June 6th. Investors of record on Monday, June 2nd were given a dividend of $0.2139 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.57 annualized dividend and a dividend yield of 5.34%. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund's previous monthly dividend of $0.20.
Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund
Several hedge funds and other institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC boosted 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 worth $31,000 after acquiring an additional 321 shares during the last quarter. McGinn Penninger Investment Management Inc. purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter valued at $723,000. Nations Financial Group Inc. IA ADV lifted its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company's stock valued at $1,148,000 after buying an additional 4,365 shares in the last quarter. Vantage Financial Partners LLC purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter valued at $2,667,000. Finally, Horizon Bancorp Inc. IN lifted its stake in shares of 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 buying an additional 1,915 shares in the last quarter.
About FlexShares Credit-Scored US Corporate Bond Index Fund
(
Get Free Report)
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.
See Also
Before you consider FlexShares Credit-Scored US Corporate Bond Index Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FlexShares Credit-Scored US Corporate Bond Index Fund wasn't on the list.
While FlexShares Credit-Scored US Corporate Bond Index Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
