FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT – Get Free Report)’s share price crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $23.41 and traded as high as $23.45. FlexShares iBoxx 3 Year Target Duration TIPS Index Fund shares last traded at $23.43, with a volume of 436,864 shares changing hands.
FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance
The firm has a 50-day simple moving average of $23.41 and a two-hundred day simple moving average of $23.88.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. boosted its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% in 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 period. SVB Wealth LLC purchased a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 2nd quarter worth approximately $239,000. Wedbush Securities Inc. increased its stake in 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 worth $404,000 after buying an additional 521 shares during the period. CoreCap Advisors LLC increased its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 14.3% during the 2nd quarter. CoreCap Advisors LLC now owns 33,820 shares of the company’s stock worth $809,000 after buying an additional 4,219 shares during the period. Finally, Park National Corp OH increased its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 11.9% during the 3rd quarter. Park National Corp OH now owns 70,052 shares of the company’s stock worth $1,627,000 after buying an additional 7,476 shares during the period.
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.
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