FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sees Large Volume Increase – Should You Buy?

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw unusually-high trading volume on Wednesday . Approximately 105,060 shares changed hands during mid-day trading, a decline of 32% from the previous session’s volume of 154,878 shares.The stock last traded at $23.4150 and had previously closed at $23.43.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Down 0.1%

The stock has a 50 day simple moving average of $23.71 and a 200-day simple moving average of $24.01.

Institutional Investors Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

Institutional investors have recently added to or reduced their stakes in the stock. Betterment LLC boosted its position 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 worth $247,000 after acquiring an additional 900 shares during the last quarter. Kendall Capital Management grew its position 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 increased its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% in the first quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock worth $11,185,000 after purchasing an additional 139,637 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% in the second quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock worth $16,621,000 after purchasing an additional 526,977 shares during the last quarter. Finally, Farmers National Bank boosted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 17.9% during the fourth quarter. Farmers National Bank now owns 847,396 shares of the company’s stock valued at $20,308,000 after buying an additional 128,795 shares during 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.