FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF – Get Free Report) shares passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $22.96 and traded as low as $22.84. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund shares last traded at $22.88, with a volume of 130,295 shares trading hands.
FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance
The business’s 50 day moving average price is $22.96 and its 200-day moving average price is $23.67.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of TDTF. Farther Finance Advisors LLC acquired a new stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the third quarter worth approximately $61,000. Kendall Capital Management boosted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 15.8% during the third quarter. Kendall Capital Management now owns 268,883 shares of the company’s stock worth $6,098,000 after acquiring an additional 36,636 shares during the period. Farmers National Bank boosted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 12.3% during the first quarter. Farmers National Bank now owns 951,855 shares of the company’s stock worth $22,949,000 after acquiring an additional 104,459 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% in 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.
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.
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