FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sees Large Volume Increase – Time to Buy?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) shares saw unusually-high trading volume on Thursday . Approximately 811,406 shares were traded during mid-day trading, an increase of 388% from the previous session’s volume of 166,277 shares.The stock last traded at $23.66 and had previously closed at $23.85.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Trading Down 0.2 %

The company’s 50-day moving average is $23.86 and its 200-day moving average is $23.66.

Institutional Trading of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

Several institutional investors and hedge funds have recently modified their holdings of TDTF. Ameriprise Financial Inc. boosted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 0.6% in the fourth quarter. Ameriprise Financial Inc. now owns 170,529 shares of the company’s stock valued at $3,966,000 after buying an additional 949 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund in the fourth quarter worth about $583,000. L.M. Kohn & Company grew its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% during the 4th quarter. L.M. Kohn & Company now owns 23,018 shares of the company’s stock valued at $535,000 after purchasing an additional 2,021 shares during the last quarter. Finally, Betterment LLC acquired a new position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the 4th quarter worth approximately $212,000.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Company Profile

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.