FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Reaches New 52-Week Low – Here’s What Happened

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) hit a new 52-week low on Tuesday . The company traded as low as $23.82 and last traded at $23.83, with a volume of 192957 shares trading hands. The stock had previously closed at $23.89.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Down 0.3%

The firm has a 50 day moving average price of $24.20 and a 200-day moving average price of $24.17.

Institutional Trading of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Several institutional investors and hedge funds have recently bought and sold shares of TDTT. Rock Creek Group LP purchased a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter valued at $50,000. Park National Corp OH lifted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 2.0% during the fourth quarter. Park National Corp OH now owns 122,106 shares of the company’s stock valued at $2,938,000 after purchasing an additional 2,344 shares during the period. BOKF NA lifted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 113.5% during the third quarter. BOKF NA now owns 8,433 shares of the company’s stock valued at $205,000 after purchasing an additional 4,484 shares during the period. CoreCap Advisors LLC lifted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 24.3% during the fourth quarter. CoreCap Advisors LLC now owns 25,298 shares of the company’s stock valued at $609,000 after purchasing an additional 4,940 shares during the period. Finally, IFP Advisors Inc purchased a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the third quarter valued at $121,000.

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.