FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sets New 52-Week High – Time to Buy?

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) reached a new 52-week high on Monday . The company traded as high as $49.27 and last traded at $49.26, with a volume of 372 shares changing hands. The stock had previously closed at $49.20.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Down 0.1%

The stock has a fifty day simple moving average of $48.76 and a two-hundred day simple moving average of $48.34.

FlexShares Credit-Scored US Corporate Bond Index Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, September 8th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.1845 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SKOR. Golden State Wealth Management LLC grew its holdings 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 buying an additional 321 shares in the last quarter. Advisors Preferred LLC purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the second quarter worth about $163,000. McGinn Penninger Investment Management Inc. purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter worth about $723,000. Vantage Financial Partners LLC purchased a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter worth about $2,667,000. Finally, Horizon Bancorp Inc. IN grew its holdings 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 worth $7,812,000 after purchasing an additional 1,915 shares in 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.