FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sees Strong Trading Volume – What’s Next?

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw unusually-high trading volume on Tuesday . Approximately 171,317 shares changed hands during mid-day trading, an increase of 19% from the previous session’s volume of 143,754 shares.The stock last traded at $24.1950 and had previously closed at $24.23.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Trading Down 0.2%

The business’s fifty day moving average price is $24.03 and its 200 day moving average price is $24.18.

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

Large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock worth $16,621,000 after buying an additional 526,977 shares during the period. Cheviot Value Management LLC raised its stake 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 worth $31,047,000 after acquiring an additional 72,245 shares in the last quarter. Betterment LLC lifted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% during the fourth quarter. Betterment LLC now owns 10,304 shares of the company’s stock valued at $247,000 after acquiring an additional 900 shares during the period. Advisors Preferred LLC acquired a new stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund in the 2nd quarter valued at $167,000. Finally, Rock Creek Group LP bought a new stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund in the 2nd quarter worth about $149,000.

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.