FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Stock Price Down 0.2% – Here’s What Happened

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF)’s share price fell 0.2% during mid-day trading on Tuesday . The stock traded as low as $24.27 and last traded at $24.27. 111,218 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 143,203 shares. The stock had previously closed at $24.31.

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

The business’s 50 day moving average price is $24.11 and its 200-day moving average price is $24.19.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Cheviot Value Management LLC lifted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 7.0% during the second quarter. Cheviot Value Management LLC now owns 935,714 shares of the company’s stock worth $22,616,000 after purchasing an additional 61,265 shares during the period. Ameriprise Financial Inc. grew its stake in shares of 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 purchasing an additional 52,405 shares during the period. Betterment LLC raised its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% in the 4th quarter. Betterment LLC now owns 10,304 shares of the company’s stock worth $247,000 after buying an additional 900 shares in the last quarter. Kendall Capital Management raised its holdings in shares of 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 worth $4,419,000 after buying an additional 23,566 shares in the last quarter. Finally, Farmers National Bank lifted its position in shares of 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 worth $17,440,000 after buying an additional 237,864 shares during the period.

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.