FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Sees Unusually-High Trading Volume – Still a Buy?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) saw unusually-strong trading volume on Thursday . 458,300 shares traded hands during mid-day trading, an increase of 194% from the previous session’s volume of 155,860 shares.The stock last traded at $23.7250 and had previously closed at $23.64.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Trading Up 0.4%

The company’s fifty day simple moving average is $24.10 and its 200-day simple moving average is $24.10.

Hedge Funds Weigh In On FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

A number of hedge funds and other institutional investors have recently modified their holdings of TDTF. Jones Financial Companies Lllp raised its stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 25.7% in the third quarter. Jones Financial Companies Lllp now owns 3,644 shares of the company’s stock worth $88,000 after buying an additional 745 shares in the last quarter. Betterment LLC boosted its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% during the 4th quarter. Betterment LLC now owns 10,304 shares of the company’s stock valued at $247,000 after acquiring an additional 900 shares in the last quarter. Kendall Capital Management increased its holdings in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 14.7% in the 4th quarter. Kendall Capital Management now owns 184,396 shares of the company’s stock valued at $4,419,000 after acquiring an additional 23,566 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of 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 valued at $11,185,000 after acquiring an additional 139,637 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 323.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 690,149 shares of the company’s stock worth $16,621,000 after acquiring an additional 526,977 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.