iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Trading Up 0.3% – Should You Buy?

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG)’s stock price rose 0.3% during mid-day trading on Wednesday . The stock traded as high as $26.43 and last traded at $26.43. Approximately 11,037 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 16,682 shares. The stock had previously closed at $26.36.

iShares iBonds Oct 2030 Term TIPS ETF Price Performance

The firm’s 50-day moving average is $26.46 and its 200-day moving average is $26.43.

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

Institutional investors have recently modified their holdings of the company. Quantum Financial Advisors LLC boosted its stake in iShares iBonds Oct 2030 Term TIPS ETF by 3.5% in the second quarter. Quantum Financial Advisors LLC now owns 172,915 shares of the company’s stock worth $4,575,000 after buying an additional 5,782 shares in the last quarter. TRUE Private Wealth Advisors purchased a new position in shares of iShares iBonds Oct 2030 Term TIPS ETF during the second quarter worth approximately $39,329,000. MKT Advisors LLC bought a new stake in shares of iShares iBonds Oct 2030 Term TIPS ETF in the 2nd quarter worth approximately $305,000. Jim Saulnier & Associates LLC boosted its stake in shares of iShares iBonds Oct 2030 Term TIPS ETF by 2.9% in the 2nd quarter. Jim Saulnier & Associates LLC now owns 13,309 shares of the company’s stock valued at $352,000 after purchasing an additional 379 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in shares of iShares iBonds Oct 2030 Term TIPS ETF in the 2nd quarter valued at $2,652,000.

iShares iBonds Oct 2030 Term TIPS ETF Company Profile

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.