FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sees Strong Trading Volume – Still a Buy?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw strong trading volume on Tuesday . 154,541 shares were traded during mid-day trading, a decline of 1% from the previous session’s volume of 156,646 shares.The stock last traded at $23.8160 and had previously closed at $23.83.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Down 1.1%

The business has a fifty day moving average price of $24.00 and a 200-day moving average price of $24.07.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TDTF. Ameriprise Financial Inc. raised its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock valued at $16,621,000 after buying an additional 526,977 shares during the last quarter. Farmers National Bank boosted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 49.5% during the 3rd quarter. Farmers National Bank now owns 718,601 shares of the company’s stock valued at $17,440,000 after acquiring an additional 237,864 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% in the first quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock worth $11,185,000 after acquiring an additional 139,637 shares during the period. Cheviot Value Management LLC increased its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 5.9% during the fourth quarter. Cheviot Value Management LLC now owns 1,290,146 shares of the company’s stock valued at $31,047,000 after buying an additional 72,245 shares during the last quarter. Finally, Kendall Capital Management raised its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% in the fourth quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock worth $4,419,000 after buying an additional 23,566 shares during the period.

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.