FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sets New 52-Week Low – Here’s What Happened

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $22.83 and last traded at $22.8250, with a volume of 384891 shares. The stock had previously closed at $22.91.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Performance

The company has a 50 day moving average of $23.30 and a 200-day moving average of $23.76.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund stock. Bank of New York Mellon Corp lifted its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) by 43.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 463,927 shares of the company’s stock after purchasing an additional 139,637 shares during the quarter. Bank of New York Mellon Corp owned 1.10% of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund worth $11,185,000 at the end of the most recent reporting period.

About FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

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.