FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Reaches New 52-Week Low – Here’s What Happened

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $23.38 and last traded at $23.39, with a volume of 130858 shares. The stock had previously closed at $23.40.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

The business has a 50 day moving average of $23.58 and a 200 day moving average of $23.95.

Hedge Funds Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Several institutional investors have recently modified their holdings of the stock. SVB Wealth LLC bought a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the second quarter worth about $239,000. Wedbush Securities Inc. boosted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% during the second quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock valued at $404,000 after purchasing an additional 521 shares during the last quarter. CoreCap Advisors LLC grew its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 14.3% in the second quarter. CoreCap Advisors LLC now owns 33,820 shares of the company’s stock valued at $809,000 after purchasing an additional 4,219 shares in the last quarter. Bessemer Group Inc. grew its stake 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 purchasing an additional 6,697 shares in the last quarter. Finally, Horizon Bancorp Inc. IN grew its stake 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 purchasing an additional 24,279 shares in the last quarter.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Company Profile

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.