FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sets New 52-Week Low – What’s Next?

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $23.50 and last traded at $23.5050, with a volume of 25546 shares changing hands. The stock had previously closed at $23.55.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

The firm has a 50-day simple moving average of $23.62 and a 200-day simple moving average of $23.99.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtue Capital Management LLC bought a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the fourth quarter valued at approximately $253,000. Rossby Financial LCC purchased a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter worth $1,447,000. Dorsey & Whitney Trust CO LLC grew its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 37.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 36,653 shares of the company’s stock valued at $882,000 after acquiring an additional 10,000 shares during the period. SVB Wealth LLC bought a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 2nd quarter valued at $239,000. Finally, Wedbush Securities Inc. increased its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% in the 2nd quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock worth $404,000 after purchasing an additional 521 shares in the last quarter.

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.