FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Trading Down 0.2% – Here’s What Happened

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) shares were down 0.2% during mid-day trading on Friday . The stock traded as low as $24.23 and last traded at $24.24. Approximately 304,042 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 308,449 shares. The stock had previously closed at $24.28.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

The firm’s 50 day simple moving average is $24.18 and its 200 day simple moving average is $24.21.

Hedge Funds Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC bought a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the second quarter worth $797,000. CoreCap Advisors LLC grew its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 38.9% during the third quarter. CoreCap Advisors LLC now owns 20,358 shares of the company’s stock valued at $495,000 after buying an additional 5,703 shares during the last quarter. CX Institutional bought a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the third quarter valued at about $55,000. Horizon Bancorp Inc. IN increased its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 7.0% in the third quarter. Horizon Bancorp Inc. IN now owns 346,313 shares of the company’s stock worth $8,426,000 after buying an additional 22,714 shares during the period. Finally, Bessemer Group Inc. purchased a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the third quarter worth about $63,000.

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.