FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Trading 0.2% Higher

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) shot up 0.2% during trading on Tuesday . The company traded as high as $23.30 and last traded at $23.27. 142,931 shares traded hands during trading, a decline of 12% from the average session volume of 161,749 shares. The stock had previously closed at $23.23.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

The business’s 50-day simple moving average is $23.43 and its 200 day simple moving average is $23.33.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were paid a dividend of $0.1215 per share. The ex-dividend date was Monday, April 1st.

Institutional Trading of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. L.M. Kohn & Company lifted its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 61.6% during the first quarter. L.M. Kohn & Company now owns 20,271 shares of the company’s stock valued at $479,000 after buying an additional 7,730 shares during the period. Kendall Capital Management lifted its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 8.0% during the third quarter. Kendall Capital Management now owns 159,692 shares of the company’s stock valued at $3,663,000 after buying an additional 11,812 shares during the period. Greenleaf Trust purchased a new position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the fourth quarter valued at $389,000. Finally, IFG Advisory LLC lifted its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 56.6% during the fourth quarter. IFG Advisory LLC now owns 51,955 shares of the company’s stock valued at $1,228,000 after buying an additional 18,782 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.