Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 1,853,987 shares changed hands during trading, an increase of 1,054% from the previous session’s volume of 160,621 shares.The stock last traded at $24.04 and had previously closed at $24.06.
FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance
The company’s 50-day simple moving average is $23.77 and its 200-day simple moving average is $23.67.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of TDTF. Ameriprise Financial Inc. raised its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 0.6% during the 4th quarter. Ameriprise Financial Inc. now owns 170,529 shares of the company’s stock worth $3,966,000 after purchasing an additional 949 shares during the last quarter. Betterment LLC acquired a new stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the fourth quarter worth $212,000. Bank of New York Mellon Corp bought a new position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the fourth quarter worth $583,000. Finally, L.M. Kohn & Company lifted its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% in the fourth quarter. L.M. Kohn & Company now owns 23,018 shares of the company’s stock valued at $535,000 after buying an additional 2,021 shares during the period.
About FlexShares iBoxx 5 Year Target Duration TIPS Index Fund
The FlexShares iBoxx 5-Year Target Duration TIPS Index Fund (TDTF) is an exchange-traded fund that is based on the iBoxx 5-Year Target Duration TIPS index. The fund tracks an index of inflation-protected US government debt with a targeted duration of roughly five years. TDTF was launched on Sep 19, 2011 and is managed by FlexShares.
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