iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Trading Up 0.5% – Time to Buy?

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG)’s stock price were up 0.5% on Wednesday . The stock traded as high as $26.09 and last traded at $26.09. Approximately 1,833 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 4,081 shares. The stock had previously closed at $25.96.

iShares iBonds Oct 2030 Term TIPS ETF Price Performance

The company’s 50 day moving average price is $25.71 and its two-hundred day moving average price is $25.74.

Hedge Funds Weigh In On iShares iBonds Oct 2030 Term TIPS ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC lifted its stake in shares of iShares iBonds Oct 2030 Term TIPS ETF by 11.3% in the fourth quarter. Citadel Advisors LLC now owns 34,642 shares of the company’s stock worth $876,000 after buying an additional 3,529 shares in the last quarter. ARK & TLK Investments LLC raised its stake in iShares iBonds Oct 2030 Term TIPS ETF by 2.2% during the fourth quarter. ARK & TLK Investments LLC now owns 18,744 shares of the company’s stock worth $474,000 after purchasing an additional 400 shares during the period. Bradley & Co. Private Wealth Management LLC purchased a new position in iShares iBonds Oct 2030 Term TIPS ETF during the fourth quarter worth about $144,000. Quantum Financial Advisors LLC raised its stake in iShares iBonds Oct 2030 Term TIPS ETF by 7.0% during the fourth quarter. Quantum Financial Advisors LLC now owns 154,327 shares of the company’s stock worth $3,903,000 after purchasing an additional 10,058 shares during the period. Finally, Jane Street Group LLC raised its stake in iShares iBonds Oct 2030 Term TIPS ETF by 100.1% during the third quarter. Jane Street Group LLC now owns 41,835 shares of the company’s stock worth $1,101,000 after purchasing an additional 53,639,866 shares during the period.

About iShares iBonds Oct 2030 Term TIPS ETF

The iShares iBonds Oct 2030 Term TIPS ETF (IBIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of US Treasury inflation-protected securities maturing between January and October 2030. The fund will terminate in October 2030 IBIG was launched on Sep 19, 2023 and is issued by BlackRock.