FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Reaches New 1-Year High – Here’s Why

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) reached a new 52-week high on Monday . The stock traded as high as $24.26 and last traded at $24.25, with a volume of 4234 shares changing hands. The stock had previously closed at $24.16.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Trading Down 0.9 %

The company has a fifty day simple moving average of $23.78 and a 200-day simple moving average of $23.67.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 0.6% in the 4th quarter. Ameriprise Financial Inc. now owns 170,529 shares of the company’s stock worth $3,966,000 after buying an additional 949 shares during the period. Betterment LLC bought a new position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund in the fourth quarter worth about $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 about $583,000. Finally, L.M. Kohn & Company raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% during the 4th quarter. L.M. Kohn & Company now owns 23,018 shares of the company’s stock valued at $535,000 after purchasing an additional 2,021 shares during the period.

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.