FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Hits New 1-Year Low – Here’s What Happened

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) hit a new 52-week low on Tuesday . The company traded as low as $47.60 and last traded at $47.6150, with a volume of 45213 shares changing hands. The stock had previously closed at $47.66.

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

The firm’s 50-day moving average is $48.04 and its 200 day moving average is $48.43.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.1905 per share. The ex-dividend date is Tuesday, September 1st. 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 modified their holdings of SKOR. Birchwood Financial Partners Inc. acquired a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter valued at $88,000. Fiduciary Alliance LLC acquired a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at $442,000. Finally, Horizon Bancorp Inc. IN increased its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% during the 1st quarter. Horizon Bancorp Inc. IN now owns 179,879 shares of the company’s stock worth $8,746,000 after purchasing an additional 10,859 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.