FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Hits New 52-Week Low – Here’s What Happened

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) reached a new 52-week low on Tuesday. The company traded as low as $22.65 and last traded at $22.67, with a volume of 626962 shares trading hands. The stock had previously closed at $22.77.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

The company has a 50 day simple moving average of $23.20 and a 200-day simple moving average of $23.70.

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

An institutional investor recently raised its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund stock. Bank of New York Mellon Corp raised its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) by 43.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 463,927 shares of the company’s stock after acquiring an additional 139,637 shares during the period. Bank of New York Mellon Corp owned about 1.10% of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund worth $11,185,000 at the end of the most recent reporting period.

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.