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

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTFGet Free Report) shares saw an uptick in trading volume on Tuesday . 1,853,987 shares were traded during trading, an increase of 1,054% from the previous session’s volume of 160,621 shares.The stock last traded at $24.04 and had previously closed at $24.06.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Trading Down 0.1 %

The stock has a 50-day moving average price of $23.77 and a 200 day moving average price of $23.67.

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

Several institutional investors have recently added to or reduced their stakes in TDTF. Ameriprise Financial Inc. lifted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 0.6% in the 4th quarter. Ameriprise Financial Inc. now owns 170,529 shares of the company’s stock valued at $3,966,000 after acquiring an additional 949 shares in the last quarter. Betterment LLC bought a new stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund in the fourth quarter worth $212,000. Bank of New York Mellon Corp acquired a new position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the fourth quarter worth $583,000. Finally, L.M. Kohn & Company grew its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% in the fourth quarter. L.M. Kohn & Company now owns 23,018 shares of the company’s stock valued at $535,000 after purchasing an additional 2,021 shares in the last quarter.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Company Profile

(Get Free Report)

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.

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