FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Stock Price Down 0.3% – What’s Next?

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) dropped 0.3% on Friday . The company traded as low as $24.11 and last traded at $24.13. Approximately 289,329 shares changed hands during mid-day trading, an increase of 95% from the average daily volume of 148,535 shares. The stock had previously closed at $24.21.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Down 0.3%

The stock has a fifty day simple moving average of $24.21 and a two-hundred day simple moving average of $24.14.

Institutional Investors Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

Several hedge funds have recently modified their holdings of TDTF. Ameriprise Financial Inc. boosted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock valued at $16,621,000 after acquiring an additional 526,977 shares in the last quarter. Cheviot Value Management LLC boosted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 30.2% during the 3rd quarter. Cheviot Value Management LLC now owns 1,217,901 shares of the company’s stock valued at $29,644,000 after acquiring an additional 282,187 shares in the last quarter. Farmers National Bank boosted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 49.5% during the 3rd quarter. Farmers National Bank now owns 718,601 shares of the company’s stock valued at $17,440,000 after acquiring an additional 237,864 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% during the 1st quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock valued at $11,185,000 after acquiring an additional 139,637 shares in the last quarter. Finally, Kendall Capital Management boosted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% during the 4th quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock valued at $4,419,000 after acquiring an additional 23,566 shares in the last quarter.

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.