FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Large Volume Increase – Still a Buy?

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw unusually-high trading volume on Tuesday. 2,502,502 shares traded hands during mid-day trading, an increase of 891% from the previous session’s volume of 252,499 shares. The stock last traded at $23.1950 and had previously closed at $23.21.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Down 0.1%

The company has a 50 day moving average price of $23.52 and a two-hundred day moving average price of $23.90.

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

Large investors have recently bought and sold shares of the business. Wedbush Securities Inc. boosted its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% during the 2nd quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock valued at $404,000 after acquiring an additional 521 shares during the last quarter. CoreCap Advisors LLC grew its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 14.3% in the second quarter. CoreCap Advisors LLC now owns 33,820 shares of the company’s stock worth $809,000 after acquiring an additional 4,219 shares during the period. Bessemer Group Inc. raised its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% during the first quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock valued at $210,000 after purchasing an additional 6,697 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the second quarter valued at approximately $239,000. Finally, Horizon Bancorp Inc. IN lifted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% during the first quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock valued at $8,886,000 after purchasing an additional 24,279 shares during the period.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Company Profile

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.