FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Hits New 1-Year Low – Here’s What Happened

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $23.70 and last traded at $23.6650, with a volume of 114758 shares. The stock had previously closed at $23.83.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

The business’s 50 day simple moving average is $24.11 and its 200 day simple moving average is $24.10.

Hedge Funds Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

A number of institutional investors have recently bought and sold shares of TDTF. Ameriprise Financial Inc. boosted its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 7.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 742,554 shares of the company’s stock worth $18,022,000 after acquiring an additional 52,405 shares during the period. Betterment LLC raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% in the 4th quarter. Betterment LLC now owns 10,304 shares of the company’s stock valued at $247,000 after acquiring an additional 900 shares during the period. Farmers National Bank raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 12.3% in the 1st quarter. Farmers National Bank now owns 951,855 shares of the company’s stock valued at $22,949,000 after acquiring an additional 104,459 shares during the period. Bank of New York Mellon Corp lifted its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% during 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 purchasing an additional 139,637 shares during the last quarter. Finally, Cheviot Value Management LLC boosted its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 5.9% during the fourth quarter. Cheviot Value Management LLC now owns 1,290,146 shares of the company’s stock worth $31,047,000 after purchasing an additional 72,245 shares during the period.

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.