FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sees Unusually-High Trading Volume – Here’s What Happened

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) shares saw unusually-strong trading volume on Friday . Approximately 242,427 shares changed hands during mid-day trading, an increase of 60% from the previous session’s volume of 151,597 shares.The stock last traded at $23.24 and had previously closed at $23.16.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

The stock has a 50 day moving average of $23.60 and a 200-day moving average of $23.65.

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

An institutional investor recently bought a new position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund stock. First PREMIER Bank acquired a new stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,400 shares of the company’s stock, valued at approximately $82,000.

About FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

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.