FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Reaches New 12-Month Low – Time to Sell?

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) reached a new 52-week low during trading on Wednesday . The stock traded as low as $23.85 and last traded at $23.9190, with a volume of 146418 shares traded. The stock had previously closed at $23.97.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

The stock’s 50-day simple moving average is $24.22 and its two-hundred day simple moving average is $24.18.

Hedge Funds Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

A number of large investors have recently made changes to their positions in the company. Flow Traders U.S. LLC grew its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 1,168.1% during the 3rd quarter. Flow Traders U.S. LLC now owns 416,916 shares of the company’s stock valued at $10,144,000 after purchasing an additional 384,039 shares during the last quarter. Horizon Bancorp Inc. IN lifted its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% in the first quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock worth $8,886,000 after purchasing an additional 24,279 shares during the last quarter. Lake Street Private Wealth LLC boosted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 4.8% during the third quarter. Lake Street Private Wealth LLC now owns 172,116 shares of the company’s stock valued at $4,188,000 after buying an additional 7,912 shares during the period. Park National Corp OH boosted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 2.0% during the fourth quarter. Park National Corp OH now owns 122,106 shares of the company’s stock valued at $2,938,000 after buying an additional 2,344 shares during the period. Finally, Rossby Financial LCC bought a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the fourth quarter valued at approximately $1,447,000.

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.