iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF) Trading Up 0.2% – Time to Buy?

iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF) shares were up 0.2% on Tuesday . The stock traded as high as $26.26 and last traded at $26.26. Approximately 43,074 shares were traded during mid-day trading, an increase of 94% from the average daily volume of 22,255 shares. The stock had previously closed at $26.20.

iShares iBonds Oct 2029 Term TIPS ETF Price Performance

The stock has a 50 day moving average of $26.23 and a 200-day moving average of $26.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its stake in shares of iShares iBonds Oct 2029 Term TIPS ETF by 169.8% in the second quarter. Osaic Holdings Inc. now owns 1,686 shares of the company’s stock worth $45,000 after buying an additional 1,061 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of iShares iBonds Oct 2029 Term TIPS ETF during the fourth quarter worth about $30,000. Creative Planning increased its stake in shares of iShares iBonds Oct 2029 Term TIPS ETF by 9.0% during the third quarter. Creative Planning now owns 15,486 shares of the company’s stock worth $411,000 after purchasing an additional 1,283 shares in the last quarter. Jane Street Group LLC increased its stake in shares of iShares iBonds Oct 2029 Term TIPS ETF by 14.3% during the first quarter. Jane Street Group LLC now owns 11,689 shares of the company’s stock worth $308,000 after purchasing an additional 1,462 shares in the last quarter. Finally, MKT Advisors LLC increased its stake in shares of iShares iBonds Oct 2029 Term TIPS ETF by 11.8% during the fourth quarter. MKT Advisors LLC now owns 16,993 shares of the company’s stock worth $443,000 after purchasing an additional 1,787 shares in the last quarter.

iShares iBonds Oct 2029 Term TIPS ETF Company Profile

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.