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

Key Points

• The FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) experienced a slight increase of 0.1% in its share price, reaching $49.32 during mid-day trading.
• The fund announced a monthly dividend of $0.1819 per share, reflecting an annualized yield of 4.4%, paid to shareholders on October 7th.
• Several institutional investors have increased their holdings in SKOR, with Horizon Bancorp Inc. boosting its stake by 1.2% and Golden State Wealth Management LLC doubling its holdings.

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - )'s stock price shot up 0.1% during mid-day trading on Tuesday . The stock traded as high as $49.34 and last traded at $49.32. 43,578 shares were traded during mid-day trading, a decline of 16% from the average session volume of 51,688 shares. The stock had previously closed at $49.26.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The company has a fifty day simple moving average of $49.09 and a two-hundred day simple moving average of $48.52.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

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

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

Several hedge funds have recently modified their holdings of SKOR. Horizon Bancorp Inc. IN lifted its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.2% in the 1st 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 period. Golden State Wealth Management LLC lifted its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 100.0% during the first 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. Harbour Trust & Investment Management Co lifted its holdings 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 worth $14,818,000 after buying an additional 11,673 shares during the period. McGinn Penninger Investment Management Inc. purchased a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter worth $723,000. Finally, Vantage Financial Partners LLC purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st 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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