iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) Shares Up 0.2% – Here’s Why

Shares of iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) shot up 0.2% during mid-day trading on Wednesday . The company traded as high as $26.25 and last traded at $26.25. 22,119 shares traded hands during mid-day trading, an increase of 26% from the average session volume of 17,583 shares. The stock had previously closed at $26.21.

iShares iBonds Oct 2028 Term TIPS ETF Stock Up 0.2%

The company’s 50 day moving average is $26.23 and its 200-day moving average is $26.24.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Penobscot Investment Management Company Inc. bought a new position in iShares iBonds Oct 2028 Term TIPS ETF during the second quarter worth $880,000. MKT Advisors LLC acquired a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF during the 2nd quarter worth about $312,000. Addison Advisors LLC bought a new stake in shares of iShares iBonds Oct 2028 Term TIPS ETF during the 2nd quarter worth about $2,403,000. TRUE Private Wealth Advisors acquired a new position in iShares iBonds Oct 2028 Term TIPS ETF in the 2nd quarter valued at about $42,683,000. Finally, Goldman Sachs Group Inc. bought a new position in iShares iBonds Oct 2028 Term TIPS ETF in the 1st quarter valued at about $908,000.

About iShares iBonds Oct 2028 Term TIPS ETF

The iShares iBonds Oct 2028 Term TIPS ETF (IBIE) 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 2028. The fund will terminate in October 2028.