FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sets New 12-Month Low – Here’s What Happened

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $47.67 and last traded at $47.68, with a volume of 5543 shares traded. The stock had previously closed at $47.93.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

The firm has a 50-day moving average price of $48.13 and a 200-day moving average price of $48.49.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Tuesday, September 1st will be issued a $0.1905 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 1st.

Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

Several hedge funds have recently made changes to their positions in the business. Horizon Bancorp Inc. IN lifted its stake 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. Vantage Financial Partners LLC boosted its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 13.4% during the fourth quarter. Vantage Financial Partners LLC now owns 71,399 shares of the company’s stock worth $3,507,000 after buying an additional 8,428 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth approximately $442,000. Finally, Birchwood Financial Partners Inc. acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter worth approximately $88,000.

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.