FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sees Strong Trading Volume – Here’s What Happened

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) shares saw strong trading volume on Wednesday . Approximately 105,060 shares traded hands during trading, a decline of 32% from the previous session’s volume of 154,878 shares.The stock last traded at $23.4150 and had previously closed at $23.43.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

The company’s 50 day moving average is $23.69 and its 200-day moving average is $24.00.

Institutional Trading of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

A number of hedge funds have recently made changes to their positions in TDTF. Betterment LLC raised its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% in the fourth quarter. Betterment LLC now owns 10,304 shares of the company’s stock valued at $247,000 after acquiring an additional 900 shares in the last quarter. Kendall Capital Management grew its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% during the 4th quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock worth $4,419,000 after acquiring an additional 23,566 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% during the 1st quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock worth $11,185,000 after acquiring an additional 139,637 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock worth $16,621,000 after purchasing an additional 526,977 shares during the last quarter. Finally, Farmers National Bank increased its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 17.9% in the 4th quarter. Farmers National Bank now owns 847,396 shares of the company’s stock worth $20,308,000 after purchasing an additional 128,795 shares during 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.