FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) shares shot up 0.2% during trading on Monday following a dividend announcement from the company. The company traded as high as $48.78 and last traded at $48.78. 121,030 shares traded hands during trading, an increase of 141% from the average session volume of 50,220 shares. The stock had previously closed at $48.67.
The newly announced dividend which will be paid on Tuesday, July 8th. Investors of record on Tuesday, July 1st will be given a $0.1814 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.49%.
FlexShares Credit-Scored US Corporate Bond Index Fund Trading Down 0.1%
The company has a fifty day moving average price of $48.21 and a 200 day moving average price of $48.01.
Institutional Investors Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund
Large investors have recently added to or reduced their stakes in the company. Vantage Financial Partners LLC bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter valued at about $2,667,000. McGinn Penninger Investment Management Inc. bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at approximately $723,000. Harbour Trust & Investment Management Co grew 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 acquiring an additional 11,673 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of 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 acquiring an additional 321 shares in the last quarter. Finally, Horizon Bancorp Inc. IN lifted its holdings 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 acquiring an additional 1,915 shares during the last quarter.
About FlexShares Credit-Scored US Corporate Bond Index Fund
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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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