FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sets New 12-Month Low – Should You Sell?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) shares reached a new 52-week low during trading on Thursday . The company traded as low as $23.72 and last traded at $23.7550, with a volume of 51443 shares changing hands. The stock had previously closed at $23.74.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

The business has a 50 day moving average of $24.13 and a 200 day moving average of $24.12.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Cheviot Value Management LLC boosted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 5.9% in 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 during the last quarter. Farmers National Bank boosted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 12.3% in the 1st quarter. Farmers National Bank now owns 951,855 shares of the company’s stock worth $22,949,000 after buying an additional 104,459 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 7.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 742,554 shares of the company’s stock worth $18,022,000 after buying an additional 52,405 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% in the 1st quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock worth $11,185,000 after purchasing an additional 139,637 shares during the period. Finally, Kendall Capital Management raised its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% in the 4th quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock worth $4,419,000 after purchasing an additional 23,566 shares during the period.

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.