FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Sets New 52-Week High – Should You Buy?

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $24.25 and last traded at $24.24, with a volume of 93638 shares changing hands. The stock had previously closed at $24.19.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Stock Performance

The business’s 50 day simple moving average is $23.95 and its two-hundred day simple moving average is $23.85.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased 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 acquiring an additional 1,948 shares in the last quarter. Park National Corp OH grew its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 69.1% in the fourth quarter. Park National Corp OH now owns 80,241 shares of the company’s stock worth $1,893,000 after purchasing an additional 32,795 shares during the period. Grove Bank & Trust bought a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter valued at $34,000. Cullen Frost Bankers Inc. acquired a new position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the fourth quarter valued at about $320,000. Finally, West Paces Advisors Inc. boosted its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 0.8% during the 4th quarter. West Paces Advisors Inc. now owns 1,127,700 shares of the company’s stock worth $26,602,000 after purchasing an additional 9,216 shares in the last quarter.

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.