FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Hits New 1-Year Low – Should You Sell?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $47.86 and last traded at $47.88, with a volume of 2368 shares traded. The stock had previously closed at $47.90.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The stock has a fifty day moving average price of $48.21 and a 200 day moving average price of $48.57.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 7th. Investors of record on Monday, August 3rd were issued a dividend of $0.1908 per share. This is a positive change from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.19. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 4.8%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SKOR. Vantage Financial Partners LLC increased its position in shares of 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 valued at $3,507,000 after buying an additional 8,428 shares during the period. Birchwood Financial Partners Inc. bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter valued at approximately $88,000. Horizon Bancorp Inc. IN boosted its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% in the first quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock valued at $8,746,000 after acquiring an additional 10,859 shares during the period. Finally, Fiduciary Alliance LLC bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the 1st quarter worth approximately $442,000.

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.