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

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw unusually-strong trading volume on Wednesday . Approximately 105,060 shares changed hands during trading, a decline of 32% from the previous session’s volume of 154,878 shares.The stock last traded at $23.4150 and had previously closed at $23.43.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

The business’s fifty day moving average is $23.71 and its two-hundred day moving average is $24.01.

Institutional Investors Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock worth $16,621,000 after purchasing an additional 526,977 shares during the period. Bank of New York Mellon Corp boosted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% during the first quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock worth $11,185,000 after buying an additional 139,637 shares during the period. Farmers National Bank increased its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 17.9% during the fourth quarter. Farmers National Bank now owns 847,396 shares of the company’s stock valued at $20,308,000 after acquiring an additional 128,795 shares during the last quarter. Cheviot Value Management LLC increased its position 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 acquiring 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 valued at $4,419,000 after acquiring an additional 23,566 shares during the period.

About FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

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.