FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Trading 0.3% Higher – Here’s Why

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) shot up 0.3% during trading on Monday . The stock traded as high as $23.79 and last traded at $23.79. 90,617 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 169,912 shares. The stock had previously closed at $23.73.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Up 0.3 %

The firm’s fifty day moving average is $23.42 and its 200 day moving average is $23.65.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. increased its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 170,529 shares of the company’s stock worth $3,966,000 after purchasing an additional 949 shares in the last quarter. Betterment LLC acquired a new stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the 4th quarter worth $212,000. Bank of New York Mellon Corp purchased a new stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the fourth quarter worth $583,000. L.M. Kohn & Company grew its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% during the fourth quarter. L.M. Kohn & Company now owns 23,018 shares of the company’s stock worth $535,000 after buying an additional 2,021 shares in the last quarter. Finally, Flow Traders U.S. LLC raised its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 681.6% in the third quarter. Flow Traders U.S. LLC now owns 356,335 shares of the company’s stock valued at $8,588,000 after buying an additional 310,745 shares during the last quarter.

About FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

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.