FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sets New 52-Week Low – What’s Next?

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) shares hit a new 52-week low on Thursday . The company traded as low as $23.50 and last traded at $23.5050, with a volume of 25546 shares. The stock had previously closed at $23.55.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Trading Down 0.2%

The company’s fifty day moving average price is $23.62 and its 200-day moving average price is $23.99.

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

Hedge funds have recently added to or reduced their stakes in the stock. BOKF NA raised its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 113.5% in the 3rd quarter. BOKF NA now owns 8,433 shares of the company’s stock worth $205,000 after purchasing an additional 4,484 shares during the last quarter. Bessemer Group Inc. increased its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% during the 1st quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock valued at $210,000 after purchasing an additional 6,697 shares in the last quarter. SVB Wealth LLC bought a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 2nd quarter valued at about $239,000. Virtue Capital Management LLC purchased a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter worth about $253,000. Finally, Wedbush Securities Inc. raised its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% in the second quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock worth $404,000 after buying an additional 521 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.