FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Hits New 12-Month Low – What’s Next?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) hit a new 52-week low during trading on Wednesday . The stock traded as low as $22.90 and last traded at $22.8950, with a volume of 134155 shares. The stock had previously closed at $22.99.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Down 0.4%

The business has a fifty day simple moving average of $23.36 and a two-hundred day simple moving average of $23.81.

Institutional Trading of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

An institutional investor recently raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund stock. Farmers National Bank grew its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) by 12.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 951,855 shares of the company’s stock after acquiring an additional 104,459 shares during the period. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund comprises approximately 5.1% of Farmers National Bank’s portfolio, making the stock its 2nd largest position. Farmers National Bank owned 2.27% of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund worth $22,949,000 as of its most recent SEC filing.

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.