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

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) shares saw an uptick in trading volume on Monday. Approximately 553,642 shares changed hands during mid-day trading, an increase of 247% from the previous session’s volume of 159,445 shares. The stock last traded at $22.6750 and had previously closed at $22.77.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Trading Up 0.0%

The company has a 50 day moving average of $23.21 and a two-hundred day moving average of $23.71.

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

An institutional investor recently raised its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund stock. Bank of New York Mellon Corp increased its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) by 43.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 463,927 shares of the company’s stock after purchasing 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.