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

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR – Get Free Report) shares hit a new 52-week low on Thursday. The company traded as low as $46.99 and last traded at $46.97, with a volume of 21352 shares trading hands. The stock had previously closed at $47.06.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Up 0.1%

The business has a fifty day moving average price of $47.77 and a 200 day moving average price of $48.24.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 8th. Investors of record on Tuesday, September 1st were issued a $0.1905 dividend. The ex-dividend date was Tuesday, September 1st. This is a decrease from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1908. This represents a $2.29 dividend on an annualized basis and a yield of 4.9%.

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

A hedge fund recently raised its stake in FlexShares Credit-Scored US Corporate Bond Index Fund stock. Horizon Bancorp Inc. IN raised its position in FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR – Free Report) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,879 shares of the company’s stock after purchasing an additional 10,859 shares during the quarter. FlexShares Credit-Scored US Corporate Bond Index Fund accounts for approximately 4.2% of Horizon Bancorp Inc. IN’s portfolio, making the stock its 8th largest holding. Horizon Bancorp Inc. IN owned about 1.25% of FlexShares Credit-Scored US Corporate Bond Index Fund worth $8,746,000 at the end of the most recent quarter.

About FlexShares Credit-Scored US Corporate Bond Index Fund

(Get Free Report)

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.

Further Reading

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