FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sees Large Volume Increase – Still a Buy?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF – Get Free Report) shares saw unusually-high trading volume on Monday. Approximately 111,122 shares were traded during trading, a decline of 37% from the previous session’s volume of 175,698 shares. The stock last traded at $22.7850 and had previously closed at $22.77.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

The firm has a 50 day simple moving average of $23.08 and a 200-day simple moving average of $23.61.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TDTF. Farther Finance Advisors LLC bought a new position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the third quarter valued at about $61,000. Farmers National Bank lifted its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 12.3% during the first quarter. Farmers National Bank now owns 951,855 shares of the company’s stock worth $22,949,000 after acquiring an additional 104,459 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 43.1% in the 1st quarter. Bank of New York Mellon Corp now owns 463,927 shares of the company’s stock worth $11,185,000 after buying an additional 139,637 shares during the last quarter.

About FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

(Get Free Report)

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.

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