FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Large Volume Increase – Time to Buy?

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw an uptick in trading volume on Tuesday . 239,237 shares changed hands during trading, an increase of 42% from the previous session’s volume of 168,381 shares.The stock last traded at $23.86 and had previously closed at $23.85.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

The firm’s fifty day simple moving average is $23.91 and its 200 day simple moving average is $23.68.

Institutional Investors Weigh In On FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Massmutual Trust Co. FSB ADV bought a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 3rd quarter worth about $72,000. Indiana Trust & Investment Management CO boosted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 1,270.9% during the first quarter. Indiana Trust & Investment Management CO now owns 7,156 shares of the company’s stock worth $170,000 after buying an additional 6,634 shares during the period. Lynx Investment Advisory bought a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the second quarter worth about $739,000. Deane Retirement Strategies Inc. acquired a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 2nd quarter valued at approximately $3,664,000. Finally, Horizon Bancorp Inc. IN bought a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the 1st quarter valued at approximately $4,945,000.

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.