FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sets New 12-Month Low – Should You Sell?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $47.87 and last traded at $47.90, with a volume of 4118 shares traded. The stock had previously closed at $48.00.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Down 0.2%

The business’s fifty day moving average is $48.30 and its 200 day moving average is $48.66.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 7th. Stockholders of record on Monday, August 3rd will be issued a $0.1908 dividend. The ex-dividend date is Monday, August 3rd. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.19. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vantage Financial Partners LLC lifted its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% in the 4th quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock valued at $3,507,000 after purchasing an additional 8,428 shares during the last quarter. Fiduciary Alliance LLC bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter worth approximately $442,000. Horizon Bancorp Inc. IN grew its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during the first quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock valued at $8,746,000 after purchasing an additional 10,859 shares during the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter valued at approximately $88,000.

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.