FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sets New 52-Week Low – Should You Sell?

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTTGet Free Report) reached a new 52-week low on Friday . The company traded as low as $23.51 and last traded at $23.52, with a volume of 66078 shares. The stock had previously closed at $23.59.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

The firm has a 50 day moving average price of $23.68 and a 200-day moving average price of $24.03.

Institutional Investors Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDTT. Wedbush Securities Inc. increased its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% in the 2nd quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock valued at $404,000 after acquiring an additional 521 shares during the last quarter. Horizon Bancorp Inc. IN lifted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% in the 1st quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock valued at $8,886,000 after acquiring an additional 24,279 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 14.3% during the second quarter. CoreCap Advisors LLC now owns 33,820 shares of the company’s stock worth $809,000 after buying an additional 4,219 shares during the period. Virtue Capital Management LLC acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter worth approximately $253,000. Finally, Rossby Financial LCC bought a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter valued at $1,447,000.

About FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

(Get Free Report)

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.

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