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) saw unusually-high trading volume on Friday following a dividend announcement from the company. Approximately 37,860 shares were traded during mid-day trading, a decline of 26% from the previous session’s volume of 50,837 shares.The stock last traded at $49.03 and had previously closed at $49.17.

The newly announced dividend which will be paid on Friday, December 26th. Shareholders of record on Friday, December 19th will be paid a $0.1978 dividend. This represents a c) annualized dividend and a yield of 4.8%. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund’s previous monthly dividend of $0.18. The ex-dividend date of this dividend is Friday, December 19th.

FlexShares Credit-Scored US Corporate Bond Index Fund Stock Performance

The firm has a 50-day moving average price of $49.22 and a 200-day moving average price of $48.94.

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

Several hedge funds have recently bought and sold shares of the company. Advisors Preferred LLC purchased a new stake in FlexShares Credit-Scored US Corporate Bond Index Fund during the 2nd quarter valued at about $163,000. Nations Financial Group Inc. IA ADV lifted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 2.2% in 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 last quarter. Vantage Financial Partners LLC boosted its stake in shares of 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. Horizon Bancorp Inc. IN grew its holdings in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% in the third quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock worth $8,420,000 after purchasing an additional 11,670 shares during the last quarter. Finally, Harbour Trust & Investment Management Co increased its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 0.4% in the second quarter. Harbour Trust & Investment Management Co now owns 307,919 shares of the company’s stock worth $15,020,000 after buying an additional 1,316 shares during the period.

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.