FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Large Volume Increase – Here’s Why

Shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) saw strong trading volume on Thursday . Approximately 351,936 shares traded hands during mid-day trading, an increase of 419% from the previous session’s volume of 67,784 shares.The stock last traded at $48.1050 and had previously closed at $48.08.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

The firm’s 50-day simple moving average is $48.16 and its 200-day simple moving average is $48.52.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 7th. Stockholders of record on Monday, August 3rd were paid a $0.1908 dividend. This is a boost from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.19. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%.

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

Several institutional investors have recently bought and sold shares of SKOR. Birchwood Financial Partners Inc. purchased a new position in FlexShares Credit-Scored US Corporate Bond Index Fund in the 4th quarter worth approximately $88,000. Fiduciary Alliance LLC purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at approximately $442,000. Vantage Financial Partners LLC boosted its stake in shares of 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 valued at $3,507,000 after purchasing an additional 8,428 shares during the period. Finally, Horizon Bancorp Inc. IN grew its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 6.4% in 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.

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.