FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) shot up 0.1% during trading on Monday . The company traded as high as $48.09 and last traded at $48.06. 49,462 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 48,749 shares. The stock had previously closed at $48.00.
FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance
The stock's 50 day simple moving average is $47.96 and its 200 day simple moving average is $47.99.
FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, June 6th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.2139 per share. The ex-dividend date was Monday, June 2nd. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund's previous monthly dividend of $0.20. This represents a $2.57 dividend on an annualized basis and a dividend yield of 5.32%.
Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in SKOR. Nations Financial Group Inc. IA ADV raised its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company's stock valued at $1,148,000 after buying an additional 4,365 shares during the last quarter. Anderson Financial Strategies LLC acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund in the 4th quarter worth approximately $8,934,000. Horizon Bancorp Inc. IN grew its position 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 worth $7,812,000 after purchasing an additional 1,915 shares during the last quarter. Golden State Wealth Management LLC increased its stake in 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 valued at $31,000 after purchasing an additional 321 shares in the last quarter. Finally, Harbour Trust & Investment Management Co raised its holdings 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 buying an additional 11,673 shares during the last quarter.
FlexShares Credit-Scored US Corporate Bond Index Fund Company Profile
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Get Free Report)
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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