FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Shares Down 0.1% - Here's Why

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) shares fell 0.1% during trading on Monday . The stock traded as low as $47.87 and last traded at $47.89. 41,070 shares were traded during mid-day trading, a decline of 15% from the average session volume of 48,269 shares. The stock had previously closed at $47.93.

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

The firm's 50-day moving average price is $48.00 and its two-hundred day moving average price is $47.98.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Thursday, May 1st were paid a dividend of $0.1986 per share. This represents a $2.38 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend was Thursday, May 1st.

Institutional Trading of FlexShares Credit-Scored US Corporate Bond Index Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Harbour Trust & Investment Management Co raised its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 4.0% during the first quarter. Harbour Trust & Investment Management Co now owns 306,603 shares of the company's stock valued at $14,818,000 after buying an additional 11,673 shares during the period. Anderson Financial Strategies LLC acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the 4th quarter valued at about $8,934,000. Horizon Bancorp Inc. IN lifted its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.2% in 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 in the last quarter. Vantage Financial Partners LLC purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth approximately $2,667,000. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company's stock worth $1,148,000 after purchasing an additional 4,365 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.

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