FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sees Large Volume Increase – Should You Buy?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw an uptick in trading volume on Monday . 202,924 shares were traded during mid-day trading, an increase of 35% from the previous session’s volume of 150,638 shares.The stock last traded at $23.7440 and had previously closed at $23.73.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

The company has a 50 day simple moving average of $24.15 and a 200-day simple moving average of $24.12.

Hedge Funds Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 25.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,644 shares of the company’s stock worth $88,000 after buying an additional 745 shares during the period. Betterment LLC raised its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% in the 4th quarter. Betterment LLC now owns 10,304 shares of the company’s stock worth $247,000 after acquiring an additional 900 shares in the last quarter. Kendall Capital Management increased its position in 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 buying an additional 23,566 shares in the last quarter. Bank of New York Mellon Corp increased its position in 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 buying an additional 139,637 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in 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 buying an additional 526,977 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.