FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sets New 12-Month Low – What’s Next?

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $23.52 and last traded at $23.5240, with a volume of 3293 shares traded. The stock had previously closed at $23.72.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

The firm has a 50-day simple moving average of $23.86 and a 200 day simple moving average of $24.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Horizon Investments LLC raised its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3,225.8% in the 4th quarter. Horizon Investments LLC now owns 7,084 shares of the company’s stock valued at $170,000 after buying an additional 6,871 shares during the last quarter. BOKF NA grew its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 113.5% during the 3rd quarter. BOKF NA now owns 8,433 shares of the company’s stock worth $205,000 after acquiring an additional 4,484 shares during the last quarter. Bessemer Group Inc. increased its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% in the 1st quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock valued at $210,000 after acquiring an additional 6,697 shares during the period. Virtue Capital Management LLC acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 4th quarter valued at approximately $253,000. Finally, CoreCap Advisors LLC increased its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 14.3% in the 2nd quarter. CoreCap Advisors LLC now owns 33,820 shares of the company’s stock valued at $809,000 after acquiring an additional 4,219 shares during the period.

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.