FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sets New 12-Month Low – Should You Sell?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $23.72 and last traded at $23.7550, with a volume of 51443 shares. The stock had previously closed at $23.74.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

The company has a 50-day simple moving average of $24.13 and a 200-day simple moving average of $24.12.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TDTF. Jones Financial Companies Lllp raised its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 25.7% in the third quarter. Jones Financial Companies Lllp now owns 3,644 shares of the company’s stock worth $88,000 after acquiring an additional 745 shares in the last quarter. Betterment LLC raised its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% in the fourth quarter. Betterment LLC now owns 10,304 shares of the company’s stock worth $247,000 after acquiring an additional 900 shares in the last quarter. Kendall Capital Management raised its position in 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 acquiring an additional 23,566 shares in the last quarter. Bank of New York Mellon Corp raised its position in 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 in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% in the second quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock valued at $16,621,000 after purchasing an additional 526,977 shares during the last 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.