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

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw unusually-strong trading volume on Monday . Approximately 202,924 shares traded hands during mid-day trading, an increase of 35% from the previous session’s volume of 150,638 shares.The stock last traded at $23.7440 and had previously closed at $23.73.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

The company has a 50-day moving average price of $24.15 and a 200 day moving average price of $24.12.

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

Several large investors have recently added to or reduced their stakes in TDTF. Jones Financial Companies Lllp grew its stake 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 purchasing an additional 745 shares in the last quarter. Betterment LLC lifted its holdings in 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 lifted its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% during the fourth quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock worth $4,419,000 after buying an additional 23,566 shares during the period. Ameriprise Financial Inc. lifted its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 7.6% during the third quarter. Ameriprise Financial Inc. now owns 742,554 shares of the company’s stock worth $18,022,000 after buying an additional 52,405 shares during the period. Finally, Cheviot Value Management LLC lifted its holdings in 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 worth $31,047,000 after buying an additional 72,245 shares during the period.

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.