FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Reaches New 1-Year Low – Here’s Why

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $23.68 and last traded at $23.6950, with a volume of 14173 shares traded. The stock had previously closed at $23.91.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

The firm’s fifty day moving average price is $24.12 and its two-hundred day moving average price is $24.15.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the third quarter worth about $121,000. Horizon Investments LLC increased its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3,225.8% in the 4th 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 in the last quarter. BOKF NA raised its holdings 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 worth $205,000 after purchasing an additional 4,484 shares during the period. Bessemer Group Inc. raised its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% in the 1st quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock worth $210,000 after purchasing an additional 6,697 shares during the period. Finally, Virtue Capital Management LLC purchased a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the fourth quarter worth approximately $253,000.

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.