Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF – Get Free Report) saw strong trading volume on Thursday . 811,406 shares traded hands during mid-day trading, an increase of 388% from the previous session’s volume of 166,277 shares.The stock last traded at $23.66 and had previously closed at $23.85.
FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Trading Down 0.9 %
The firm’s 50 day moving average is $23.86 and its 200 day moving average is $23.66.
Institutional Investors Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. Betterment LLC purchased a new stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund in the 4th quarter valued at approximately $212,000. L.M. Kohn & Company raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% during the 4th quarter. L.M. Kohn & Company now owns 23,018 shares of the company’s stock valued at $535,000 after purchasing an additional 2,021 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund in the fourth quarter valued at $583,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 170,529 shares of the company’s stock valued at $3,966,000 after buying an additional 949 shares in the last quarter.
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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