FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Trading 0.2% Higher – What’s Next?

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) rose 0.2% during trading on Monday . The company traded as high as $23.70 and last traded at $23.61. Approximately 204,786 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 183,133 shares. The stock had previously closed at $23.56.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

The stock’s 50-day moving average price is $23.41 and its 200 day moving average price is $23.64.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Flow Traders U.S. LLC lifted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 681.6% in the third quarter. Flow Traders U.S. LLC now owns 356,335 shares of the company’s stock worth $8,588,000 after acquiring an additional 310,745 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund in the 4th quarter valued at about $583,000. L.M. Kohn & Company lifted its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% in the 4th quarter. L.M. Kohn & Company now owns 23,018 shares of the company’s stock worth $535,000 after purchasing an additional 2,021 shares during the period. Finally, First PREMIER Bank bought a new position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the third quarter valued at approximately $82,000.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Company Profile

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.