FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sets New 12-Month Low – What’s Next?

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $23.82 and last traded at $23.83, with a volume of 192957 shares changing hands. The stock had previously closed at $23.89.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

The business has a 50-day moving average of $24.18 and a 200 day moving average of $24.17.

Institutional Investors Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Flow Traders U.S. LLC boosted its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 1,168.1% in the 3rd quarter. Flow Traders U.S. LLC now owns 416,916 shares of the company’s stock worth $10,144,000 after buying an additional 384,039 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter valued at about $1,447,000. Horizon Bancorp Inc. IN lifted its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% during the 1st quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock worth $8,886,000 after acquiring an additional 24,279 shares during the period. Virtue Capital Management LLC purchased a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter worth about $253,000. Finally, Dorsey & Whitney Trust CO LLC boosted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 37.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 36,653 shares of the company’s stock worth $882,000 after acquiring an additional 10,000 shares during the last quarter.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Company Profile

The FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) is an exchange-traded fund that is based on the iBoxx 3-Year Target Duration TIPS index. The fund tracks an index of inflation-protected US government debt with maturity dates of 1-10 years. TDTT was launched on Sep 19, 2011 and is managed by FlexShares.