FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Reaches New 1-Year Low – Should You Sell?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $22.83 and last traded at $22.8250, with a volume of 384891 shares traded. The stock had previously closed at $22.91.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Down 0.5%

The stock’s fifty day simple moving average is $23.30 and its 200 day simple moving average is $23.76.

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

An institutional investor recently raised its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund stock. Farmers National Bank increased its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) by 12.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 951,855 shares of the company’s stock after purchasing an additional 104,459 shares during the period. FlexShares iBoxx 5 Year Target Duration TIPS Index Fund makes up approximately 5.1% of Farmers National Bank’s portfolio, making the stock its 2nd largest position. Farmers National Bank owned about 2.27% of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund worth $22,949,000 at the end of the most recent quarter.

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.