FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Trading Down 0.3%

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR)’s stock price were down 0.3% during mid-day trading on Tuesday . The stock traded as low as $48.55 and last traded at $48.57. Approximately 50,181 shares traded hands during trading, an increase of 45% from the average daily volume of 34,489 shares. The stock had previously closed at $48.72.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The business has a 50-day moving average of $48.10 and a 200 day moving average of $47.63.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 9th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.1992 per share. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous dividend of $0.20. The ex-dividend date of this dividend is Tuesday, September 3rd.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Horizon Bancorp Inc. IN increased its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 83.0% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 188,059 shares of the company’s stock worth $8,927,000 after acquiring an additional 85,288 shares during the last quarter. Harbour Trust & Investment Management Co increased its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 1.1% during the second quarter. Harbour Trust & Investment Management Co now owns 301,795 shares of the company’s stock valued at $14,326,000 after buying an additional 3,345 shares during the period. Gleason Group Inc. purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the second quarter worth about $66,000. Finally, Nations Financial Group Inc. IA ADV grew its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 3.4% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 20,573 shares of the company’s stock valued at $987,000 after acquiring an additional 680 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.