FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Reaches New 1-Year High – Here’s What Happened

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) hit a new 52-week high during trading on Thursday . The company traded as high as $24.27 and last traded at $24.26, with a volume of 37682 shares changing hands. The stock had previously closed at $24.22.

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

The stock has a 50 day moving average of $23.98 and a two-hundred day moving average of $23.86.

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

A number of institutional investors and hedge funds have recently modified their holdings of TDTT. Grove Bank & Trust acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 4th quarter valued at $34,000. JPMorgan Chase & Co. grew its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 1,873.1% in the third quarter. JPMorgan Chase & Co. now owns 2,052 shares of the company’s stock valued at $49,000 after purchasing an additional 1,948 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter worth about $320,000. Park National Corp OH lifted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 69.1% during the 4th quarter. Park National Corp OH now owns 80,241 shares of the company’s stock worth $1,893,000 after purchasing an additional 32,795 shares during the last quarter. Finally, West Paces Advisors Inc. boosted its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 0.8% during the 4th quarter. West Paces Advisors Inc. now owns 1,127,700 shares of the company’s stock valued at $26,602,000 after purchasing an additional 9,216 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.