FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Unusually-High Trading Volume Following Dividend Announcement

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares saw strong trading volume on Thursday after the company announced a dividend. 195,863 shares changed hands during mid-day trading, an increase of 189% from the previous session’s volume of 67,736 shares.The stock last traded at $48.69 and had previously closed at $48.58.

The newly announced dividend which will be paid on Thursday, May 7th. Stockholders of record on Friday, May 1st will be issued a $0.1885 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 4.7%.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Down 0.3%

The firm has a fifty day moving average price of $48.79 and a 200-day moving average price of $49.06.

Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund

Several institutional investors and hedge funds have recently bought and sold shares of SKOR. Birchwood Financial Partners Inc. bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter valued at $88,000. Fiduciary Alliance LLC bought a new position in FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at $442,000. Nations Financial Group Inc. IA ADV grew its holdings in 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. Vantage Financial Partners LLC grew its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 17.9% during the third quarter. Vantage Financial Partners LLC now owns 62,971 shares of the company’s stock valued at $3,101,000 after purchasing an additional 9,562 shares during the period. Finally, Horizon Bancorp Inc. IN grew its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% during the third quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock valued at $8,420,000 after purchasing an additional 11,670 shares during the period.

FlexShares Credit-Scored US Corporate Bond Index Fund Company Profile

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.