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

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) reached a new 52-week low on Wednesday . The company traded as low as $22.93 and last traded at $23.5510, with a volume of 9941 shares. The stock had previously closed at $23.77.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

The company’s 50-day moving average is $24.01 and its two-hundred day moving average is $24.08.

Institutional Investors Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

Hedge funds have recently made changes to their positions in the business. Betterment LLC boosted its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% during the fourth quarter. Betterment LLC now owns 10,304 shares of the company’s stock worth $247,000 after buying an additional 900 shares during the period. Kendall Capital Management increased its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% in the 4th 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. Bank of New York Mellon Corp increased its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% in the 1st quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock valued at $11,185,000 after acquiring an additional 139,637 shares during the period. Ameriprise Financial Inc. raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock valued at $16,621,000 after acquiring an additional 526,977 shares in the last quarter. Finally, Farmers National Bank raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 49.5% during the 3rd 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 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.