FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Trading Up 0% – Still a Buy?

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT)’s stock price were up 0% during trading on Tuesday . The company traded as high as $24.42 and last traded at $24.41. Approximately 383,340 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 435,392 shares. The stock had previously closed at $24.40.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

The stock’s 50-day moving average is $24.30 and its 200 day moving average is $24.19.

Institutional Investors Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Lynx Investment Advisory boosted its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 12.8% during the 1st quarter. Lynx Investment Advisory now owns 32,812 shares of the company’s stock worth $800,000 after purchasing an additional 3,736 shares during the last quarter. Morgan Dempsey Capital Management LLC acquired a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 2nd quarter worth about $119,000. Dorsey & Whitney Trust CO LLC grew its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 23.1% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 26,653 shares of the company’s stock worth $646,000 after acquiring an additional 5,000 shares during the period. American National Bank & Trust purchased a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 2nd quarter worth approximately $261,000. Finally, OLD Mission Capital LLC purchased a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 1st quarter worth approximately $471,000.

About FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

The FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) is an exchange-traded fund that is based on the iBoxx 3-Year Target Duration TIPS index. The fund tracks an index of inflation-protected US government debt with maturity dates of 1-10 years. TDTT was launched on Sep 19, 2011 and is managed by FlexShares.