FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Large Volume Increase – Time to Buy?

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw strong trading volume on Monday . 710,441 shares traded hands during mid-day trading, an increase of 227% from the previous session’s volume of 217,317 shares.The stock last traded at $23.53 and had previously closed at $23.55.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

The business has a 50-day simple moving average of $23.77 and a 200 day simple moving average of $23.75.

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

Institutional investors have recently made changes to their positions in the stock. Horizon Bancorp Inc. IN lifted its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 19.5% in the 3rd quarter. Horizon Bancorp Inc. IN now owns 454,437 shares of the company’s stock valued at $10,929,000 after purchasing an additional 74,227 shares during the period. Lynx Investment Advisory lifted its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 17.2% in the 3rd quarter. Lynx Investment Advisory now owns 36,727 shares of the company’s stock valued at $883,000 after purchasing an additional 5,402 shares during the period. Highline Wealth Partners LLC acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter valued at about $274,000. Finally, Massmutual Trust Co. FSB ADV acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter valued at about $72,000.

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.