FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Hits New 12-Month High – Time to Buy?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares hit a new 52-week high on Friday . The company traded as high as $49.53 and last traded at $49.4750, with a volume of 2750 shares. The stock had previously closed at $49.45.

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

The company’s fifty day moving average is $49.21 and its 200 day moving average is $49.18.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.1944 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, February 2nd.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. 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. Harbour Trust & Investment Management Co lifted its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 0.9% in the third quarter. Harbour Trust & Investment Management Co now owns 310,554 shares of the company’s stock valued at $15,295,000 after purchasing an additional 2,635 shares during the last quarter. 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. Horizon Bancorp Inc. IN boosted its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 7.3% during the third quarter. Horizon Bancorp Inc. IN now owns 170,967 shares of the company’s stock valued at $8,420,000 after purchasing an additional 11,670 shares during the period. Finally, 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.

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.