FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Unusually-High Trading Volume – Time to Buy?

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw an uptick in trading volume on Thursday . 106,799 shares changed hands during trading, a decline of 59% from the previous session’s volume of 260,949 shares.The stock last traded at $23.74 and had previously closed at $23.74.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

The firm has a fifty day simple moving average of $23.70 and a two-hundred day simple moving average of $23.76.

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

Several institutional investors have recently added to or reduced their stakes in TDTT. JPMorgan Chase & Co. lifted its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 1,873.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,052 shares of the company’s stock valued at $49,000 after purchasing an additional 1,948 shares during the last quarter. Grove Bank & Trust bought a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 4th quarter valued at approximately $34,000. Park National Corp OH lifted its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 69.1% in the 4th quarter. Park National Corp OH now owns 80,241 shares of the company’s stock valued at $1,893,000 after purchasing an additional 32,795 shares during the last quarter. Lynx Investment Advisory lifted its stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 17.2% in the 3rd quarter. Lynx Investment Advisory now owns 36,727 shares of the company’s stock valued at $883,000 after purchasing an additional 5,402 shares during the last quarter. Finally, Highline Wealth Partners LLC bought a new stake in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 3rd quarter valued at approximately $274,000.

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.