FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Stock Price Down 0.5% – Here’s Why

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF)’s stock price fell 0.5% on Friday . The stock traded as low as $23.73 and last traded at $23.73. 124,178 shares changed hands during mid-day trading, a decline of 18% from the average session volume of 151,841 shares. The stock had previously closed at $23.85.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

The firm has a 50 day moving average of $24.15 and a two-hundred day moving average of $24.12.

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

Several large investors have recently bought and sold shares of TDTF. Jones Financial Companies Lllp boosted its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 25.7% during the third quarter. Jones Financial Companies Lllp now owns 3,644 shares of the company’s stock valued at $88,000 after purchasing an additional 745 shares in the last quarter. Betterment LLC boosted its stake in shares of 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 valued at $247,000 after purchasing an additional 900 shares in the last quarter. Kendall Capital Management boosted its stake in shares of 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 in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of 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 in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% during 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.