FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Hits New 12-Month High – Time to Buy?

Shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $24.28 and last traded at $24.09, with a volume of 326306 shares. The stock had previously closed at $24.20.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Price Performance

The business has a 50 day simple moving average of $23.83 and a two-hundred day simple moving average of $23.67.

Institutional Trading of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

A number of large investors have recently modified their holdings of the company. L.M. Kohn & Company grew its holdings in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 9.6% during the 4th quarter. L.M. Kohn & Company now owns 23,018 shares of the company’s stock worth $535,000 after acquiring an additional 2,021 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the fourth quarter valued at approximately $583,000. Betterment LLC purchased a new stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund during the fourth quarter worth $212,000. Finally, Ameriprise Financial Inc. boosted its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 0.6% during the 4th quarter. Ameriprise Financial Inc. now owns 170,529 shares of the company’s stock valued at $3,966,000 after acquiring an additional 949 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.