FlexShares Credit-Scored US Corporate Bond Index Fund (NASDAQ:SKOR - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 57,762 shares changed hands during mid-day trading, a decline of 14% from the previous session's volume of 66,854 shares.The stock last traded at $47.70 and had previously closed at $47.68.
FlexShares Credit-Scored US Corporate Bond Index Fund Trading Down 0.4 %
The stock has a fifty day moving average price of $48.03 and a 200-day moving average price of $48.05.
FlexShares Credit-Scored US Corporate Bond Index Fund Increases Dividend
The company also recently announced a dividend, which was paid on Monday, April 7th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.1988 per share. The ex-dividend date was Tuesday, April 1st. This is an increase from FlexShares Credit-Scored US Corporate Bond Index Fund's previous dividend of $0.19.
Hedge Funds Weigh In On FlexShares Credit-Scored US Corporate Bond Index Fund
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Anderson Financial Strategies LLC purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund during the fourth quarter valued at $8,934,000. Nations Financial Group Inc. IA ADV grew its position in FlexShares Credit-Scored US Corporate Bond Index Fund by 22.2% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 24,067 shares of the company's stock worth $1,148,000 after purchasing an additional 4,365 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of FlexShares Credit-Scored US Corporate Bond Index Fund in the third quarter valued at $70,000.
About FlexShares Credit-Scored US Corporate Bond Index Fund
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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.
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