FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Hits New 12-Month High – Should You Buy?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF)’s stock price reached a new 52-week high on Monday . The stock traded as high as $24.26 and last traded at $24.25, with a volume of 4234 shares trading hands. The stock had previously closed at $24.16.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

The company has a 50 day simple moving average of $23.75 and a two-hundred day simple moving average of $23.67.

Institutional Trading of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

A number of institutional investors have recently bought and sold shares of TDTF. Betterment LLC acquired a new position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the fourth quarter valued at approximately $212,000. L.M. Kohn & Company grew its stake in 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 valued at $535,000 after buying an additional 2,021 shares during the last quarter. Bank of New York Mellon Corp bought a new position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund in the 4th quarter worth $583,000. Finally, Ameriprise Financial Inc. lifted its position in 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 acquiring an additional 949 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.