FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Reaches New 12-Month Low – Here’s What Happened

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $22.90 and last traded at $22.8950, with a volume of 134155 shares traded. The stock had previously closed at $22.99.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Up 0.2%

The business has a 50 day simple moving average of $23.33 and a 200-day simple moving average of $23.79.

Institutional Trading of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

A hedge fund recently raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund stock. Bank of New York Mellon Corp raised its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) by 43.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 463,927 shares of the company’s stock after buying an additional 139,637 shares during the period. Bank of New York Mellon Corp owned approximately 1.10% of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund worth $11,185,000 as of its most recent SEC filing.

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.