FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Stock Cross Below 50-Day Moving Average – Time to Sell?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $47.14 and traded as low as $47.04. FlexShares Credit-Scored US Corporate Bond Index Fund shares last traded at $47.12, with a volume of 39,344 shares changing hands.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Down 0.5%

The company’s 50 day simple moving average is $47.14 and its 200 day simple moving average is $48.20.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 6th. Shareholders of record on Monday, November 2nd were issued a $0.2031 dividend. This is a positive change from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1607. The ex-dividend date was Monday, November 2nd. This represents a $2.44 annualized dividend and a yield of 5.2%.

Institutional Trading of FlexShares Credit-Scored US Corporate Bond Index Fund

A hedge fund recently raised its position in FlexShares Credit-Scored US Corporate Bond Index Fund stock. Vaquero Private Wealth Ltd. grew its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) by 164.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 87,813 shares of the company’s stock after acquiring an additional 54,550 shares during the period. Vaquero Private Wealth Ltd. owned about 0.39% of FlexShares Credit-Scored US Corporate Bond Index Fund worth $4,106,000 as of its most recent SEC filing.

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.