FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Shares Down 0.5% – What’s Next?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF)’s share price dropped 0.5% during mid-day trading on Friday . The company traded as low as $23.73 and last traded at $23.73. Approximately 124,178 shares were traded during trading, a decline of 18% from the average daily volume of 151,841 shares. The stock had previously closed at $23.85.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

The firm’s 50 day moving average price is $24.15 and its two-hundred day moving average price is $24.12.

Hedge Funds Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock valued at $16,621,000 after buying an additional 526,977 shares during the period. Jones Financial Companies Lllp boosted its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 25.7% in the third quarter. Jones Financial Companies Lllp now owns 3,644 shares of the company’s stock worth $88,000 after acquiring an additional 745 shares in the last quarter. Farmers National Bank grew its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 49.5% in the third quarter. Farmers National Bank now owns 718,601 shares of the company’s stock valued at $17,440,000 after acquiring an additional 237,864 shares during the period. Kendall Capital Management grew its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% in the fourth quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock valued at $4,419,000 after acquiring an additional 23,566 shares during the period. Finally, Cheviot Value Management LLC increased its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 5.9% during the fourth quarter. Cheviot Value Management LLC now owns 1,290,146 shares of the company’s stock valued at $31,047,000 after acquiring an additional 72,245 shares in the last quarter.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Company Profile

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.