FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw strong trading volume on Tuesday. 372,566 shares traded hands during mid-day trading, an increase of 43% from the previous session’s volume of 261,365 shares. The stock last traded at $23.2850 and had previously closed at $23.27.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Up 0.1%

The company has a fifty day simple moving average of $23.48 and a 200 day simple moving average of $23.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Wedbush Securities Inc. increased its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% in the second quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock worth $404,000 after buying an additional 521 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 14.3% during the 2nd quarter. CoreCap Advisors LLC now owns 33,820 shares of the company’s stock valued at $809,000 after buying an additional 4,219 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% during the 1st quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock valued at $210,000 after buying an additional 6,697 shares in the last quarter. Park National Corp OH grew its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 11.9% during the 3rd quarter. Park National Corp OH now owns 70,052 shares of the company’s stock valued at $1,627,000 after acquiring an additional 7,476 shares during the period. Finally, SVB Wealth LLC bought a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 2nd quarter valued at approximately $239,000.

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.