FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) traded up 0.2% on Monday . The company traded as high as $48.66 and last traded at $48.63. 93,934 shares changed hands during mid-day trading, an increase of 81% from the average session volume of 52,000 shares. The stock had previously closed at $48.53.
FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance
The firm has a 50 day moving average of $48.36 and a 200-day moving average of $48.10.
FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, July 1st were given a dividend of $0.1814 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.47%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vantage Financial Partners LLC purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at approximately $2,667,000. Golden State Wealth Management LLC boosted its position 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 valued at $31,000 after buying an additional 321 shares during the period. Harbour Trust & Investment Management Co boosted its position in shares of 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. McGinn Penninger Investment Management Inc. purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at approximately $723,000. Finally, Horizon Bancorp Inc. IN boosted its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.2% during the first quarter. Horizon Bancorp Inc. IN now owns 161,643 shares of the company's stock valued at $7,812,000 after buying an additional 1,915 shares during the period.
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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