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

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) shares saw unusually-high trading volume on Thursday . Approximately 811,406 shares traded hands during trading, an increase of 388% from the previous session’s volume of 166,277 shares.The stock last traded at $23.66 and had previously closed at $23.85.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Trading Down 0.9 %

The stock’s 50-day moving average is $23.86 and its 200 day moving average is $23.66.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 0.6% during the 4th quarter. Ameriprise Financial Inc. now owns 170,529 shares of the company’s stock worth $3,966,000 after purchasing an additional 949 shares during the last quarter. Betterment LLC acquired a new stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund in the 4th quarter valued at $212,000. Bank of New York Mellon Corp bought a new stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund in the fourth quarter worth $583,000. Finally, L.M. Kohn & Company increased its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% during the fourth quarter. L.M. Kohn & Company now owns 23,018 shares of the company’s stock worth $535,000 after buying an additional 2,021 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.