FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sets New 1-Year High - Here's What Happened

Key Points

• The FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) reached a new 52-week high of $49.49, with a last traded price of $49.46.
• The fund recently disclosed a monthly dividend of $0.1819, representing an annualized dividend yield of 4.4%.
• Several institutional investors have increased their stakes in the fund, with Horizon Bancorp Inc. and Golden State Wealth Management LLC being among the most notable investors.

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - ) reached a new 52-week high on Tuesday . The stock traded as high as $49.49 and last traded at $49.46, with a volume of 6004 shares trading hands. The stock had previously closed at $49.37.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Up 0.1%

The company has a fifty day moving average price of $49.14 and a two-hundred day moving average price of $48.55.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 7th. Stockholders of record on Wednesday, October 1st were issued a $0.1819 dividend. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Wednesday, October 1st.

Institutional Investors Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

Several large investors have recently modified their holdings of SKOR. Horizon Bancorp Inc. IN raised its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.2% during the first 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 last quarter. Golden State Wealth Management LLC raised its position in 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 in the last quarter. Harbour Trust & Investment Management Co raised its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 4.0% in the first quarter. Harbour Trust & Investment Management Co now owns 306,603 shares of the company's stock worth $14,818,000 after acquiring an additional 11,673 shares in the last quarter. McGinn Penninger Investment Management Inc. purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth $723,000. Finally, Vantage Financial Partners LLC purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth $2,667,000.

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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