FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sees Strong Trading Volume – Still a Buy?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) shares saw unusually-strong trading volume on Tuesday . 154,541 shares were traded during trading, a decline of 1% from the previous session’s volume of 156,646 shares.The stock last traded at $23.8160 and had previously closed at $23.83.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

The firm has a 50 day moving average of $24.02 and a 200-day moving average of $24.08.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Betterment LLC lifted its position 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 worth $247,000 after purchasing an additional 900 shares during the period. Kendall Capital Management increased its holdings in 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 valued at $4,419,000 after buying an additional 23,566 shares during the period. Bank of New York Mellon Corp increased its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% in the 1st quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock valued at $11,185,000 after buying an additional 139,637 shares during the period. Ameriprise Financial Inc. raised its stake 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 valued at $16,621,000 after buying an additional 526,977 shares in the last quarter. Finally, Farmers National Bank raised its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 49.5% in the 3rd quarter. Farmers National Bank now owns 718,601 shares of the company’s stock valued at $17,440,000 after buying an additional 237,864 shares in the last quarter.

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.