FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Strong Trading Volume – Should You Buy?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares saw an uptick in trading volume on Monday . 109,592 shares traded hands during trading, an increase of 58% from the previous session’s volume of 69,581 shares.The stock last traded at $48.49 and had previously closed at $48.57.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The company’s 50 day moving average is $48.98 and its two-hundred day moving average is $49.12.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st will be issued a $0.1959 dividend. This is a positive change from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a c) annualized dividend and a yield of 4.8%.

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

Institutional investors have recently modified their holdings of the company. Nations Financial Group Inc. IA ADV increased its position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 17,822 shares of the company’s stock valued at $878,000 after purchasing an additional 382 shares during the period. Birchwood Financial Partners Inc. bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the fourth quarter worth $88,000. Harbour Trust & Investment Management Co boosted its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 0.9% during the third quarter. Harbour Trust & Investment Management Co now owns 310,554 shares of the company’s stock worth $15,295,000 after buying an additional 2,635 shares in the last quarter. Vantage Financial Partners LLC boosted its stake in 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 worth $3,507,000 after buying an additional 8,428 shares in the last quarter. Finally, Horizon Bancorp Inc. IN increased its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% in the 3rd quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock valued at $8,420,000 after buying an additional 11,670 shares during the period.

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.