FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Hits New 12-Month Low – Should You Sell?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) hit a new 52-week low on Monday . The stock traded as low as $47.28 and last traded at $47.28, with a volume of 3363301 shares. The stock had previously closed at $47.28.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The firm has a 50 day moving average price of $47.97 and a 200-day moving average price of $48.38.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 8th. Investors of record on Tuesday, September 1st were paid a $0.1905 dividend. The ex-dividend date was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 4.8%.

Institutional Investors Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

A number of hedge funds and other institutional investors have recently modified their holdings of SKOR. Birchwood Financial Partners Inc. purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the 4th quarter worth $88,000. Fiduciary Alliance LLC acquired a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter valued at $442,000. Finally, Horizon Bancorp Inc. IN grew its holdings in shares of 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 worth $8,746,000 after purchasing an additional 10,859 shares during 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.