FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sets New 12-Month Low – What’s Next?

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) reached a new 52-week low on Monday . The company traded as low as $23.52 and last traded at $23.5240, with a volume of 3293 shares changing hands. The stock had previously closed at $23.72.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

The firm has a 50 day moving average price of $23.86 and a two-hundred day moving average price of $24.10.

Institutional Trading of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Hedge funds have recently modified their holdings of the stock. Rossby Financial LCC purchased a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter worth $1,447,000. Horizon Bancorp Inc. IN raised its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% in the first quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock valued at $8,886,000 after purchasing an additional 24,279 shares during the last quarter. Virtue Capital Management LLC purchased a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter valued at about $253,000. Dorsey & Whitney Trust CO LLC lifted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 37.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 36,653 shares of the company’s stock valued at $882,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Horizon Investments LLC lifted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3,225.8% during the fourth quarter. Horizon Investments LLC now owns 7,084 shares of the company’s stock valued at $170,000 after purchasing an additional 6,871 shares in the last quarter.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Company Profile

The FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) is an exchange-traded fund that is based on the iBoxx 3-Year Target Duration TIPS index. The fund tracks an index of inflation-protected US government debt with maturity dates of 1-10 years. TDTT was launched on Sep 19, 2011 and is managed by FlexShares.