FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Unusually-High Trading Volume – Here’s Why

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) shares saw unusually-high trading volume on Friday . Approximately 2,984,926 shares traded hands during mid-day trading, an increase of 797% from the previous session’s volume of 332,937 shares.The stock last traded at $24.16 and had previously closed at $24.14.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Trading Up 0.0 %

The business has a 50-day moving average price of $24.17 and a 200-day moving average price of $23.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TDTT. West Paces Advisors Inc. boosted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 2.3% during the first quarter. West Paces Advisors Inc. now owns 1,153,169 shares of the company’s stock valued at $28,114,000 after purchasing an additional 25,469 shares during the last quarter. Park National Corp OH raised its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 38.8% during the 1st quarter. Park National Corp OH now owns 111,340 shares of the company’s stock worth $2,714,000 after purchasing an additional 31,099 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 80.0% during the 4th quarter. JPMorgan Chase & Co. now owns 3,694 shares of the company’s stock valued at $87,000 after buying an additional 1,642 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 4th quarter valued at approximately $320,000. Finally, Grove Bank & Trust acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter worth approximately $34,000.

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.