FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Hits New 1-Year Low – Should You Sell?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $22.93 and last traded at $23.5510, with a volume of 9941 shares traded. The stock had previously closed at $23.77.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Up 0.1%

The business’s fifty day simple moving average is $23.98 and its 200-day simple moving average is $24.07.

Institutional Investors Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

Several large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 7.6% in the third quarter. Ameriprise Financial Inc. now owns 742,554 shares of the company’s stock worth $18,022,000 after buying an additional 52,405 shares in the last quarter. Betterment LLC boosted its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% during the fourth quarter. Betterment LLC now owns 10,304 shares of the company’s stock valued at $247,000 after buying an additional 900 shares during the last quarter. Farmers National Bank grew its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 12.3% during the 1st quarter. Farmers National Bank now owns 951,855 shares of the company’s stock valued at $22,949,000 after buying an additional 104,459 shares in the last quarter. Bank of New York Mellon Corp increased its stake in 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 acquiring an additional 139,637 shares during the last quarter. Finally, Cheviot Value Management LLC raised its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 5.9% during the 4th quarter. Cheviot Value Management LLC now owns 1,290,146 shares of the company’s stock worth $31,047,000 after acquiring an additional 72,245 shares in the last quarter.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Company Profile

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.