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

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) hit a new 52-week low during trading on Tuesday . The stock traded as low as $23.29 and last traded at $23.31, with a volume of 244669 shares trading hands. The stock had previously closed at $23.30.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

The business’s 50 day simple moving average is $23.55 and its two-hundred day simple moving average is $23.93.

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

Several institutional investors and hedge funds have recently made changes to their positions in TDTT. Horizon Bancorp Inc. IN lifted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% in the 1st quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock valued at $8,886,000 after acquiring an additional 24,279 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 2nd quarter worth $239,000. Bessemer Group Inc. increased its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% in the 1st quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock worth $210,000 after purchasing an additional 6,697 shares in the last quarter. CoreCap Advisors LLC raised its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 14.3% in the second quarter. CoreCap Advisors LLC now owns 33,820 shares of the company’s stock worth $809,000 after purchasing an additional 4,219 shares during the last quarter. Finally, Wedbush Securities Inc. raised its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% in the second quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock worth $404,000 after purchasing an additional 521 shares during the last quarter.

About FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

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.