FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF – Get Free Report)’s share price fell 0.1% on Wednesday . The stock traded as low as $23.44 and last traded at $23.45. 58,709 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 160,431 shares. The stock had previously closed at $23.47.
FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance
The firm’s fifty day moving average price is $23.38 and its two-hundred day moving average price is $23.42.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFG Advisory LLC boosted its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 56.6% during the fourth quarter. IFG Advisory LLC now owns 51,955 shares of the company’s stock valued at $1,228,000 after buying an additional 18,782 shares during the period. Greenleaf Trust purchased a new stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the fourth quarter valued at about $389,000. Finally, L.M. Kohn & Company boosted its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 61.6% during the first quarter. L.M. Kohn & Company now owns 20,271 shares of the company’s stock valued at $479,000 after buying an additional 7,730 shares during the period.
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.
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