FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Stock Price Down 0.5% – Here’s Why

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF)’s share price fell 0.5% during trading on Friday . The company traded as low as $23.73 and last traded at $23.73. 124,178 shares were traded during mid-day trading, a decline of 18% from the average session volume of 151,841 shares. The stock had previously closed at $23.85.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Down 0.5%

The stock has a 50 day moving average of $24.15 and a 200 day moving average of $24.12.

Hedge Funds Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in TDTF. Ameriprise Financial Inc. increased 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 worth $16,621,000 after purchasing an additional 526,977 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 25.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,644 shares of the company’s stock worth $88,000 after buying an additional 745 shares in the last quarter. Farmers National Bank boosted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 49.5% during the 3rd quarter. Farmers National Bank now owns 718,601 shares of the company’s stock worth $17,440,000 after buying an additional 237,864 shares in the last quarter. Kendall Capital Management boosted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% during the 4th quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock worth $4,419,000 after buying an additional 23,566 shares in the last quarter. Finally, Cheviot Value Management LLC boosted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 5.9% during the 4th quarter. Cheviot Value Management LLC now owns 1,290,146 shares of the company’s stock worth $31,047,000 after buying an additional 72,245 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.