FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Reaches New 52-Week High – Time to Buy?

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $24.27 and last traded at $24.26, with a volume of 37682 shares traded. The stock had previously closed at $24.22.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Up 0.3 %

The business’s 50-day moving average is $24.00 and its two-hundred day moving average is $23.87.

Institutional Trading of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Several institutional investors and hedge funds have recently made changes to their positions in TDTT. JPMorgan Chase & Co. increased its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 1,873.1% during the third quarter. JPMorgan Chase & Co. now owns 2,052 shares of the company’s stock worth $49,000 after buying an additional 1,948 shares during the period. Park National Corp OH increased its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 69.1% in the 4th quarter. Park National Corp OH now owns 80,241 shares of the company’s stock valued at $1,893,000 after acquiring an additional 32,795 shares during the period. Grove Bank & Trust purchased a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 4th quarter valued at $34,000. Cullen Frost Bankers Inc. acquired a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter worth $320,000. Finally, West Paces Advisors Inc. grew its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 0.8% during the 4th quarter. West Paces Advisors Inc. now owns 1,127,700 shares of the company’s stock worth $26,602,000 after purchasing an additional 9,216 shares during the last quarter.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Company Profile

The FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) is an exchange-traded fund that is based on the iBoxx 3-Year Target Duration TIPS index. The fund tracks an index of inflation-protected US government debt with maturity dates of 1-10 years. TDTT was launched on Sep 19, 2011 and is managed by FlexShares.