FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Reaches New 12-Month Low – Here’s Why

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT)’s share price hit a new 52-week low on Friday . The stock traded as low as $23.51 and last traded at $23.52, with a volume of 66078 shares. The stock had previously closed at $23.59.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

The company’s fifty day moving average price is $23.68 and its two-hundred day moving average price is $24.03.

Institutional Investors Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of TDTT. BOKF NA raised its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 113.5% in the 3rd quarter. BOKF NA now owns 8,433 shares of the company’s stock valued at $205,000 after purchasing an additional 4,484 shares during the last quarter. Horizon Investments LLC grew its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3,225.8% during the fourth quarter. Horizon Investments LLC now owns 7,084 shares of the company’s stock valued at $170,000 after purchasing an additional 6,871 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of 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 purchasing an additional 10,000 shares in the last quarter. Virtue Capital Management LLC acquired a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter valued at approximately $253,000. Finally, Rossby Financial LCC acquired a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter worth $1,447,000.

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.