FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sets New 12-Month High - Time to 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 - ) shares reached a new 52-week high on Monday . The stock traded as high as $49.38 and last traded at $49.38, with a volume of 9174 shares trading hands. The stock had previously closed at $49.31.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The firm's 50-day simple moving average is $48.82 and its two-hundred day simple moving average is $48.37.

FlexShares Credit-Scored US Corporate Bond Index Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, September 8th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.1845 per share. The ex-dividend date 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

Institutional investors have recently modified their holdings of the business. Golden State Wealth Management LLC grew its position 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 buying an additional 321 shares during the period. Advisors Preferred LLC acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 2nd quarter worth approximately $163,000. McGinn Penninger Investment Management Inc. acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter worth approximately $723,000. Vantage Financial Partners LLC acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter worth approximately $2,667,000. Finally, Horizon Bancorp Inc. IN grew its position 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 worth $7,812,000 after buying an additional 1,915 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.