FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Unusually-High Trading Volume – Should You Buy?

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTTGet Free Report) saw strong trading volume on Tuesday . 2,413,430 shares traded hands during trading, an increase of 699% from the previous session’s volume of 302,144 shares.The stock last traded at $24.19 and had previously closed at $24.12.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

The company has a fifty day simple moving average of $24.06 and a 200-day simple moving average of $23.88.

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

A number of hedge funds have recently bought and sold shares of TDTT. Grove Bank & Trust acquired a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter worth $34,000. JPMorgan Chase & Co. grew its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 1,873.1% during 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. Cullen Frost Bankers Inc. acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 4th quarter valued at 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% in the fourth 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 in the last quarter. Finally, West Paces Advisors Inc. boosted its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 0.8% during the fourth quarter. West Paces Advisors Inc. now owns 1,127,700 shares of the company’s stock worth $26,602,000 after purchasing an additional 9,216 shares during the period.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Company Profile

(Get Free Report)

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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