FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sets New 1-Year Low – Time to Sell?

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) hit a new 52-week low on Friday . The stock traded as low as $23.94 and last traded at $23.95, with a volume of 59431 shares. The stock had previously closed at $24.02.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Trading Down 0.3%

The company’s fifty day moving average price is $24.27 and its two-hundred day moving average price is $24.19.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Bessemer Group Inc. raised its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% in the first quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock valued at $210,000 after buying an additional 6,697 shares during the period. Horizon Bancorp Inc. IN raised its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.1% in the first quarter. Horizon Bancorp Inc. IN now owns 366,585 shares of the company’s stock valued at $8,886,000 after buying an additional 24,279 shares during the period. Virtue Capital Management LLC purchased a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter valued at approximately $253,000. Rossby Financial LCC purchased a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter valued at approximately $1,447,000. Finally, Dorsey & Whitney Trust CO LLC raised its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 37.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 36,653 shares of the company’s stock valued at $882,000 after buying an additional 10,000 shares during the period.

About FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

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.