FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Large Volume Increase – Here’s Why

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) shares saw an uptick in trading volume on Wednesday. 821,801 shares were traded during trading, an increase of 200% from the previous session’s volume of 273,859 shares. The stock last traded at $23.3150 and had previously closed at $23.33.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

The company’s 50-day simple moving average is $23.44 and its 200 day simple moving average is $23.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TDTT. Bessemer Group Inc. grew its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 343.6% during the first quarter. Bessemer Group Inc. now owns 8,646 shares of the company’s stock valued at $210,000 after purchasing an additional 6,697 shares during the period. SVB Wealth LLC acquired a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 2nd quarter valued at $239,000. Wedbush Securities Inc. increased its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 3.2% during the second quarter. Wedbush Securities Inc. now owns 16,906 shares of the company’s stock worth $404,000 after buying an additional 521 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 14.3% in the 2nd quarter. CoreCap Advisors LLC now owns 33,820 shares of the company’s stock valued at $809,000 after purchasing an additional 4,219 shares during the period. Finally, Park National Corp OH increased its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 11.9% in the third quarter. Park National Corp OH now owns 70,052 shares of the company’s stock valued at $1,627,000 after purchasing an additional 7,476 shares during the last quarter.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Company Profile

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.