FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Hits New 52-Week Low – Should You Sell?

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) reached a new 52-week low during mid-day trading on Monday. The company traded as low as $23.20 and last traded at $23.2050, with a volume of 74232 shares. The stock had previously closed at $23.25.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

The stock has a 50 day moving average price of $23.53 and a 200 day moving average price of $23.91.

Institutional Investors Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% in the 1st quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock worth $210,000 after buying an additional 6,697 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 2nd quarter valued at about $239,000. Wedbush Securities Inc. grew its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% in the second quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock worth $404,000 after acquiring an additional 521 shares during the period. CoreCap Advisors LLC raised its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 14.3% during the second quarter. CoreCap Advisors LLC now owns 33,820 shares of the company’s stock valued at $809,000 after purchasing an additional 4,219 shares during the last quarter. Finally, Horizon Bancorp Inc. IN raised its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% during the first quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock valued at $8,886,000 after purchasing an additional 24,279 shares during the last quarter.

About FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

The FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) is an exchange-traded fund that is based on the iBoxx 3-Year Target Duration TIPS index. The fund tracks an index of inflation-protected US government debt with maturity dates of 1-10 years. TDTT was launched on Sep 19, 2011 and is managed by FlexShares.