FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Large Volume Increase – Still a Buy?

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw strong trading volume on Wednesday. 821,801 shares were traded during trading, an increase of 200% from the previous session’s volume of 273,859 shares. The stock last traded at $23.3150 and had previously closed at $23.33.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

The company’s 50 day simple moving average is $23.43 and its 200 day simple moving average is $23.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TDTT. Horizon Bancorp Inc. IN raised its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% during the first quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock worth $8,886,000 after purchasing an additional 24,279 shares in the last quarter. Park National Corp OH boosted its stake in 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 purchasing an additional 7,476 shares in the last quarter. CoreCap Advisors LLC boosted its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 16.6% during the 3rd quarter. CoreCap Advisors LLC now owns 39,449 shares of the company’s stock valued at $916,000 after purchasing an additional 5,629 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% during the 2nd quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock valued at $404,000 after purchasing an additional 521 shares during the period. Finally, SVB Wealth LLC bought a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 2nd quarter worth $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.