FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Reaches New 1-Year High - Still a Buy?

Key Points

• The FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) has reached a new 52-week high of $49.38, indicating strong performance in the market.
• The fund recently declared a monthly dividend of $0.1845 per share, resulting in an annualized yield of 4.5%.
• Institutional investors have significantly increased their holdings, with firms like Golden State Wealth Management LLC and Horizon Bancorp Inc. expanding their positions in the fund.

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $49.38 and last traded at $49.38, with a volume of 9174 shares traded. The stock had previously closed at $49.31.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Up 0.0%

The firm's 50-day moving average price is $48.90 and its 200-day moving average price is $48.39.

FlexShares Credit-Scored US Corporate Bond Index Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 8th. Stockholders of record on Tuesday, September 2nd were given a $0.1845 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 4.5%.

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

Several large investors have recently made changes to their positions in SKOR. Vantage Financial Partners LLC acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth $2,667,000. McGinn Penninger Investment Management Inc. acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth $723,000. Harbour Trust & Investment Management Co increased its position in shares of 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. Advisors Preferred LLC acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the 2nd quarter valued at $163,000. Finally, Horizon Bancorp Inc. IN grew its holdings 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 in the last quarter.

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.