FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT – Get Free Report)’s stock price traded down 0.1% during mid-day trading on Thursday . The stock traded as low as $23.89 and last traded at $23.90. 642,481 shares were traded during trading, an increase of 13% from the average session volume of 567,716 shares. The stock had previously closed at $23.92.
FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance
The stock’s 50 day moving average is $23.72 and its two-hundred day moving average is $23.79.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Grove Bank & Trust acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the fourth quarter worth about $34,000. JPMorgan Chase & Co. lifted its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 1,873.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,052 shares of the company’s stock valued at $49,000 after acquiring an additional 1,948 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter worth approximately $274,000. Cullen Frost Bankers Inc. bought a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter worth approximately $320,000. Finally, Lynx Investment Advisory lifted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 17.2% in the third quarter. Lynx Investment Advisory now owns 36,727 shares of the company’s stock worth $883,000 after purchasing an additional 5,402 shares in the last quarter.
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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