FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Trading Down 0.3% – Here’s Why

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) dropped 0.3% on Friday . The company traded as low as $24.11 and last traded at $24.13. Approximately 289,329 shares were traded during mid-day trading, an increase of 95% from the average daily volume of 148,535 shares. The stock had previously closed at $24.21.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Down 0.3%

The company has a 50-day simple moving average of $24.21 and a 200 day simple moving average of $24.14.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TDTF. Ameriprise Financial Inc. increased its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock worth $16,621,000 after buying an additional 526,977 shares during the period. Cheviot Value Management LLC increased its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 30.2% in the 3rd quarter. Cheviot Value Management LLC now owns 1,217,901 shares of the company’s stock worth $29,644,000 after buying an additional 282,187 shares during the period. Farmers National Bank increased its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 49.5% in the 3rd quarter. Farmers National Bank now owns 718,601 shares of the company’s stock worth $17,440,000 after buying an additional 237,864 shares during the period. Bank of New York Mellon Corp increased its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% in the 1st quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock worth $11,185,000 after buying an additional 139,637 shares during the period. Finally, Kendall Capital Management increased its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% in the 4th quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock worth $4,419,000 after buying an additional 23,566 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.