FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) Reaches New 12-Month High – Here’s What Happened

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund (NYSEARCA:TDTT) reached 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. The stock had previously closed at $24.19.

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund Price Performance

The company has a 50-day moving average price of $23.95 and a 200-day moving average price of $23.85.

Hedge Funds 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 company. West Paces Advisors Inc. raised its position in shares of FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 0.8% during the fourth 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 during the period. JPMorgan Chase & Co. raised its holdings in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund by 80.0% during the 4th quarter. JPMorgan Chase & Co. now owns 3,694 shares of the company’s stock worth $87,000 after buying an additional 1,642 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund during the 4th quarter worth approximately $320,000. Grove Bank & Trust bought a new position in FlexShares iBoxx 3 Year Target Duration TIPS Index Fund in the fourth quarter valued at approximately $34,000. Finally, Park National Corp OH boosted its holdings in shares of 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 valued at $1,893,000 after buying an additional 32,795 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.