FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Large Volume Increase After Dividend Announcement

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw strong trading volume on Thursday after the company announced a dividend. 195,863 shares changed hands during mid-day trading, an increase of 189% from the previous session’s volume of 67,736 shares.The stock last traded at $48.69 and had previously closed at $48.58.

The newly announced dividend which will be paid on Thursday, May 7th. Shareholders of record on Friday, May 1st will be issued a $0.1885 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, May 1st.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Down 0.3%

The company’s fifty day simple moving average is $48.79 and its 200 day simple moving average is $49.06.

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

Hedge funds have recently made changes to their positions in the stock. Birchwood Financial Partners Inc. bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter worth $88,000. Fiduciary Alliance LLC bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter worth $442,000. Nations Financial Group Inc. IA ADV lifted its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 17,822 shares of the company’s stock worth $878,000 after acquiring an additional 382 shares during the last quarter. Vantage Financial Partners LLC lifted its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% during the 3rd quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company’s stock worth $3,101,000 after acquiring an additional 9,562 shares during the last quarter. Finally, Horizon Bancorp Inc. IN lifted its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock worth $8,420,000 after acquiring an additional 11,670 shares during the last quarter.

About FlexShares Credit-Scored US Corporate Bond Index Fund

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.