FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sees Strong Trading Volume – Here’s Why

Shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) saw unusually-strong trading volume on Thursday . Approximately 106,799 shares traded 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 Trading Down 0.0 %

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

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

A number of large investors have recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV bought a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the third quarter valued at about $72,000. Horizon Bancorp Inc. IN grew its holdings in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 19.5% during the third quarter. Horizon Bancorp Inc. IN now owns 454,437 shares of the company’s stock worth $10,929,000 after purchasing an additional 74,227 shares during the last quarter. Highline Wealth Partners LLC acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the third quarter valued at approximately $274,000. Lynx Investment Advisory raised its holdings in 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 buying an additional 5,402 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 1,873.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,052 shares of the company’s stock worth $49,000 after buying an additional 1,948 shares during the period.

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.