FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sets New 1-Year Low – Time to Sell?

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) reached a new 52-week low during trading on Friday . The stock traded as low as $23.94 and last traded at $23.95, with a volume of 59431 shares changing hands. The stock had previously closed at $24.02.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

The company’s fifty day moving average is $24.27 and its 200 day moving average is $24.19.

Hedge Funds Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Hedge funds have recently added to or reduced their stakes in the business. Rock Creek Group LP acquired a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter worth approximately $50,000. Bessemer Group Inc. acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the third quarter valued at $63,000. IFP Advisors Inc acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the third quarter valued at $121,000. Horizon Investments LLC boosted its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3,225.8% during the fourth quarter. Horizon Investments LLC now owns 7,084 shares of the company’s stock valued at $170,000 after acquiring an additional 6,871 shares during the period. Finally, BOKF NA boosted its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 113.5% during the third quarter. BOKF NA now owns 8,433 shares of the company’s stock valued at $205,000 after acquiring an additional 4,484 shares during the period.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Company Profile

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.