FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sets New 12-Month Low – Here’s What Happened

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR)’s stock price reached a new 52-week low on Thursday. The company traded as low as $46.54 and last traded at $46.51, with a volume of 2254 shares traded. The stock had previously closed at $46.78.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The company’s 50 day moving average is $47.69 and its 200-day moving average is $48.19.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Thursday, October 1st will be issued a $0.1607 dividend. This represents a $1.93 dividend on an annualized basis and a yield of 4.1%. This is a drop from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.1905. The ex-dividend date is Thursday, October 1st.

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

A hedge fund recently bought a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund stock. Fiduciary Alliance LLC bought a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,059 shares of the company’s stock, valued at approximately $442,000. Fiduciary Alliance LLC owned about 0.06% of FlexShares Credit-Scored US Corporate Bond Index Fund as of its most recent filing with the Securities & Exchange Commission.

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.