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

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw an uptick in trading volume on Friday . 127,670 shares traded hands during mid-day trading, an increase of 8% from the previous session’s volume of 118,062 shares.The stock last traded at $23.9950 and had previously closed at $23.98.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

The stock’s 50-day moving average price is $24.09 and its two-hundred day moving average price is $24.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% during the second quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock valued at $16,621,000 after buying an additional 526,977 shares during the last quarter. Cheviot Value Management LLC lifted its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 30.2% in the 3rd quarter. Cheviot Value Management LLC now owns 1,217,901 shares of the company’s stock worth $29,644,000 after purchasing an additional 282,187 shares during the period. Farmers National Bank lifted its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 49.5% in the 3rd quarter. Farmers National Bank now owns 718,601 shares of the company’s stock worth $17,440,000 after purchasing an additional 237,864 shares during the period. Flow Traders U.S. LLC boosted its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 58.4% during the 2nd quarter. Flow Traders U.S. LLC now owns 137,601 shares of the company’s stock valued at $3,313,000 after purchasing an additional 50,706 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 16,107.8% during the first quarter. Jones Financial Companies Lllp now owns 41,492 shares of the company’s stock valued at $1,041,000 after buying an additional 41,236 shares during the period.

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.