FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sets New 52-Week Low – What’s Next?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) shares hit a new 52-week low on Wednesday. The company traded as low as $22.83 and last traded at $22.8250, with a volume of 384891 shares. The stock had previously closed at $22.91.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Trading Down 0.4%

The stock’s 50 day simple moving average is $23.26 and its two-hundred day simple moving average is $23.74.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund stock. Bank of New York Mellon Corp grew its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) by 43.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 463,927 shares of the company’s stock after acquiring an additional 139,637 shares during the quarter. Bank of New York Mellon Corp owned 1.10% of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund worth $11,185,000 at the end of the most recent 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.