FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Hits New 1-Year Low – Here’s What Happened

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $23.70 and last traded at $23.6650, with a volume of 114758 shares changing hands. The stock had previously closed at $23.83.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Trading Down 0.8%

The stock has a 50-day moving average price of $24.11 and a 200 day moving average price of $24.10.

Hedge Funds Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

Large investors have recently modified their holdings of the business. Jones Financial Companies Lllp grew its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 25.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,644 shares of the company’s stock valued at $88,000 after acquiring an additional 745 shares in the last quarter. Betterment LLC raised 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 acquiring an additional 900 shares in the last quarter. Kendall Capital Management boosted its position 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 valued at $4,419,000 after purchasing an additional 23,566 shares during the last quarter. Bank of New York Mellon Corp boosted its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% during the first quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock valued at $11,185,000 after purchasing an additional 139,637 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% in the second quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock valued at $16,621,000 after purchasing an additional 526,977 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.