FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Strong Trading Volume – Here’s What Happened

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw strong trading volume on Wednesday. Approximately 269,151 shares were traded during trading, a decline of 4% from the previous session’s volume of 281,398 shares. The stock last traded at $23.4450 and had previously closed at $23.43.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

The firm has a 50-day simple moving average of $23.43 and a two-hundred day simple moving average of $23.80.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TDTT. Horizon Bancorp Inc. IN boosted its stake in shares of 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 during the period. Park National Corp OH increased its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 11.9% during the 3rd quarter. Park National Corp OH now owns 70,052 shares of the company’s stock worth $1,627,000 after buying an additional 7,476 shares during the period. CoreCap Advisors LLC increased its stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 16.6% during the 3rd quarter. CoreCap Advisors LLC now owns 39,449 shares of the company’s stock worth $916,000 after buying an additional 5,629 shares during the period. Wedbush Securities Inc. lifted its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% during the 2nd quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock worth $404,000 after buying an additional 521 shares in the last quarter. Finally, SVB Wealth LLC acquired a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 2nd quarter worth approximately $239,000.

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.