iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF) Trading Down 0.1% – What’s Next?

iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF) dropped 0.1% on Thursday . The stock traded as low as $26.03 and last traded at $26.03. Approximately 47,493 shares were traded during trading, an increase of 198% from the average daily volume of 15,964 shares. The stock had previously closed at $26.06.

iShares iBonds Oct 2029 Term TIPS ETF Price Performance

The firm has a 50-day simple moving average of $26.17 and a 200-day simple moving average of $26.30.

Institutional Investors Weigh In On iShares iBonds Oct 2029 Term TIPS ETF

A number of hedge funds have recently modified their holdings of the business. Osaic Holdings Inc. raised its holdings in iShares iBonds Oct 2029 Term TIPS ETF by 169.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,686 shares of the company’s stock worth $45,000 after purchasing an additional 1,061 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of iShares iBonds Oct 2029 Term TIPS ETF by 229.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,587 shares of the company’s stock valued at $68,000 after buying an additional 1,801 shares in the last quarter. IFG Advisory LLC purchased a new position in shares of iShares iBonds Oct 2029 Term TIPS ETF during the 3rd quarter valued at about $287,000. MKT Advisors LLC bought a new position in shares of iShares iBonds Oct 2029 Term TIPS ETF during the 2nd quarter valued at approximately $301,000. Finally, Jane Street Group LLC increased its holdings in iShares iBonds Oct 2029 Term TIPS ETF by 14.3% in the 1st quarter. Jane Street Group LLC now owns 11,689 shares of the company’s stock worth $308,000 after acquiring an additional 1,462 shares in the last quarter.

About iShares iBonds Oct 2029 Term TIPS ETF

The iShares iBonds Oct 2029 Term TIPS ETF (IBIF) 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 2029. The fund will terminate in October 2029 IBIF was launched on Sep 19, 2023 and is issued by BlackRock.