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

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) shares saw an uptick in trading volume on Thursday . 106,799 shares traded hands during mid-day trading, a decline of 59% from the previous session’s volume of 260,949 shares.The stock last traded at $23.74 and had previously closed at $23.74.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

The firm’s 50-day simple moving average is $23.70 and its 200 day simple moving average is $23.76.

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. Horizon Bancorp Inc. IN increased its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 19.5% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 454,437 shares of the company’s stock worth $10,929,000 after acquiring an additional 74,227 shares during the last quarter. Park National Corp OH raised its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 69.1% in the fourth quarter. Park National Corp OH now owns 80,241 shares of the company’s stock valued at $1,893,000 after purchasing an additional 32,795 shares during the period. Lynx Investment Advisory lifted its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 17.2% during the 3rd quarter. Lynx Investment Advisory now owns 36,727 shares of the company’s stock worth $883,000 after buying an additional 5,402 shares during the last quarter. Highline Wealth Partners LLC acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter valued at about $274,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter valued at about $72,000.

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.