FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) Sees Strong Trading Volume – Should You Buy?

FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR) shares saw unusually-strong trading volume on Monday . Approximately 63,841 shares traded hands during mid-day trading, an increase of 32% from the previous session’s volume of 48,503 shares.The stock last traded at $47.99 and had previously closed at $48.10.

FlexShares Credit-Scored US Corporate Bond Index Fund Trading Down 0.0%

The business’s fifty day simple moving average is $47.98 and its 200 day simple moving average is $47.98.

FlexShares Credit-Scored US Corporate Bond Index Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Thursday, May 1st were issued a $0.1986 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.38 annualized dividend and a yield of 4.96%.

Institutional Trading of FlexShares Credit-Scored US Corporate Bond Index Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC lifted its stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 642 shares of the company’s stock valued at $31,000 after buying an additional 321 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the third quarter worth $70,000. McGinn Penninger Investment Management Inc. acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the first quarter valued at about $723,000. Nations Financial Group Inc. IA ADV lifted its stake in FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company’s stock valued at $1,148,000 after buying an additional 4,365 shares in the last quarter. Finally, Vantage Financial Partners LLC acquired a new position in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the first quarter worth $2,667,000.

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.