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

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw an uptick in trading volume on Tuesday . 154,541 shares traded hands during trading, a decline of 1% from the previous session’s volume of 156,646 shares.The stock last traded at $23.8160 and had previously closed at $23.83.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

The stock’s 50-day simple moving average is $24.02 and its 200 day simple moving average is $24.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TDTF. Betterment LLC grew its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% during the 4th quarter. Betterment LLC now owns 10,304 shares of the company’s stock worth $247,000 after acquiring an additional 900 shares during the last quarter. Kendall Capital Management raised its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% in the 4th quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock valued at $4,419,000 after purchasing an additional 23,566 shares during 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 1st quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock valued at $11,185,000 after purchasing an additional 139,637 shares during the last quarter. Ameriprise Financial Inc. raised its position in 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 valued at $16,621,000 after purchasing an additional 526,977 shares during the last quarter. Finally, Farmers National Bank boosted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 49.5% in the third quarter. Farmers National Bank now owns 718,601 shares of the company’s stock worth $17,440,000 after purchasing an additional 237,864 shares in the last quarter.

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.