FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Unusually-High Trading Volume – Here’s Why

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) shares saw unusually-strong trading volume on Friday . Approximately 170,510 shares were traded during mid-day trading, a decline of 6% from the previous session’s volume of 181,503 shares.The stock last traded at $23.63 and had previously closed at $23.66.

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

The company’s fifty day moving average price is $23.70 and its two-hundred day moving average price is $23.76.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 1,873.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,052 shares of the company’s stock valued at $49,000 after purchasing an additional 1,948 shares in the last quarter. Park National Corp OH increased its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 69.1% in the fourth quarter. Park National Corp OH now owns 80,241 shares of the company’s stock valued at $1,893,000 after buying an additional 32,795 shares in the last quarter. Lynx Investment Advisory raised its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 17.2% in the third quarter. Lynx Investment Advisory now owns 36,727 shares of the company’s stock valued at $883,000 after buying an additional 5,402 shares during the last quarter. Highline Wealth Partners LLC acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter worth about $274,000. Finally, Horizon Bancorp Inc. IN grew its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 19.5% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 454,437 shares of the company’s stock worth $10,929,000 after acquiring an additional 74,227 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.