FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sees Strong Trading Volume – Time to Buy?

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw strong trading volume on Friday . 153,036 shares changed hands during trading, an increase of 41% from the previous session’s volume of 108,368 shares.The stock last traded at $23.9750 and had previously closed at $24.00.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Down 0.2%

The company’s 50 day moving average price is $24.08 and its 200-day moving average price is $24.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cheviot Value Management LLC grew its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 30.2% in the 3rd quarter. Cheviot Value Management LLC now owns 1,217,901 shares of the company’s stock worth $29,644,000 after purchasing an additional 282,187 shares during the period. Ameriprise Financial Inc. boosted its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 7.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 742,554 shares of the company’s stock valued at $18,022,000 after buying an additional 52,405 shares during the period. Farmers National Bank increased its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 49.5% during the third quarter. Farmers National Bank now owns 718,601 shares of the company’s stock valued at $17,440,000 after buying an additional 237,864 shares during the period. Kendall Capital Management increased its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 7.4% in the second quarter. Kendall Capital Management now owns 160,762 shares of the company’s stock worth $3,871,000 after acquiring an additional 11,062 shares during the period. Finally, Flow Traders U.S. LLC boosted its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 58.4% in the 2nd quarter. Flow Traders U.S. LLC now owns 137,601 shares of the company’s stock valued at $3,313,000 after purchasing an additional 50,706 shares during 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.