FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sets New 52-Week Low – Here’s What Happened

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) hit a new 52-week low on Wednesday . The company traded as low as $48.04 and last traded at $48.0450, with a volume of 11382 shares. The stock had previously closed at $48.12.

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

The firm has a fifty day simple moving average of $48.36 and a two-hundred day simple moving average of $48.73.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st were paid a $0.1861 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Wednesday, July 1st.

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

Several hedge funds have recently bought and sold shares of the stock. Horizon Bancorp Inc. IN increased its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% in the 1st quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock worth $8,746,000 after buying an additional 10,859 shares during the last quarter. 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. 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. Finally, Vantage Financial Partners LLC grew its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% in the fourth quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock worth $3,507,000 after acquiring an additional 8,428 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.