FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF) Trading Up 0.2%

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund (NYSEARCA:TDTF)’s stock price rose 0.2% on Tuesday . The stock traded as high as $23.30 and last traded at $23.27. Approximately 142,931 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 161,749 shares. The stock had previously closed at $23.23.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Stock Up 0.2 %

The company’s 50 day moving average price is $23.44 and its two-hundred day moving average price is $23.33.

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a $0.1215 dividend. The ex-dividend date of this dividend was Monday, April 1st.

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

Institutional investors have recently bought and sold shares of the stock. Kendall Capital Management increased its position in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 8.0% in the third quarter. Kendall Capital Management now owns 159,692 shares of the company’s stock worth $3,663,000 after buying an additional 11,812 shares in the last quarter. IFG Advisory LLC grew its stake in shares of FlexShares iBoxx 5 Year Target Duration TIPS Index Fund by 56.6% during the 4th quarter. IFG Advisory LLC now owns 51,955 shares of the company’s stock valued at $1,228,000 after acquiring an additional 18,782 shares during the period. Finally, Greenleaf Trust purchased a new stake in FlexShares iBoxx 5 Year Target Duration TIPS Index Fund in the 4th quarter worth approximately $389,000.

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.