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 unusually-strong trading volume on Monday. 553,642 shares traded hands during mid-day trading, an increase of 247% from the previous session’s volume of 159,445 shares. The stock last traded at $22.6750 and had previously closed at $22.77.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Down 0.4%

The stock’s fifty day simple moving average is $23.25 and its 200-day simple moving average is $23.73.

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

An institutional investor recently raised its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund stock. Farmers National Bank lifted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) by 12.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 951,855 shares of the company’s stock after purchasing an additional 104,459 shares during the quarter. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund comprises about 5.1% of Farmers National Bank’s investment portfolio, making the stock its 2nd biggest position. Farmers National Bank owned about 2.27% of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund worth $22,949,000 as of its most recent SEC filing.

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.