FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Trading Down 0.3% – Time to Sell?

Posted by Hayley Millar on Oct 18th, 2024

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR – Get Free Report)’s stock price dropped 0.3% during trading on Thursday . The stock traded as low as $48.60 and last traded at $48.61. Approximately 19,403 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 37,809 shares. The stock had previously closed at $48.74.

FlexShares Credit-Scored US Corporate Bond Index Fund Price Performance

The company’s 50-day moving average price is $48.81 and its two-hundred day moving average price is $47.94.

FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend

The company also recently announced a dividend, which was paid on Monday, September 9th. Stockholders of record on Tuesday, September 3rd were given a $0.1992 dividend. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous dividend of $0.20. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Gleason Group Inc. bought a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the second quarter worth $66,000. Horizon Bancorp Inc. IN acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter worth $4,910,000. Finally, Harbour Trust & Investment Management Co increased its holdings in FlexShares Credit-Scored US Corporate Bond Index Fund by 1.1% in the 2nd quarter. Harbour Trust & Investment Management Co now owns 301,795 shares of the company’s stock worth $14,326,000 after purchasing an additional 3,345 shares in the last 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.