FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Trading Down 0.1% – Here’s What Happened

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) dropped 0.1% during mid-day trading on Monday . The stock traded as low as $24.17 and last traded at $24.18. Approximately 190,476 shares were traded during trading, an increase of 16% from the average daily volume of 163,931 shares. The stock had previously closed at $24.21.

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

The company has a 50 day moving average price of $24.27 and a 200 day moving average price of $24.03.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Flow Traders U.S. LLC raised its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 58.4% in the second quarter. Flow Traders U.S. LLC now owns 137,601 shares of the company’s stock worth $3,313,000 after acquiring an additional 50,706 shares during the last quarter. Cheviot Value Management LLC raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 7.0% in the 2nd quarter. Cheviot Value Management LLC now owns 935,714 shares of the company’s stock valued at $22,616,000 after purchasing an additional 61,265 shares during the last quarter. Farmers National Bank lifted its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 76.3% in the 2nd quarter. Farmers National Bank now owns 480,737 shares of the company’s stock valued at $11,576,000 after purchasing an additional 208,036 shares in the last quarter. Rock Creek Group LP acquired a new stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the 2nd quarter worth about $149,000. Finally, Advisors Preferred LLC acquired a new stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the 2nd quarter worth about $167,000.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Company Profile

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.