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) shares shot up 0.3% during mid-day trading on Wednesday . The stock traded as high as $26.43 and last traded at $26.43. 11,037 shares were traded during trading, a decline of 34% from the average session volume of 16,682 shares. The stock had previously closed at $26.36.

iShares iBonds Oct 2030 Term TIPS ETF Stock Performance

The business has a fifty day moving average of $26.46 and a 200 day moving average of $26.43.

Institutional Investors Weigh In On iShares iBonds Oct 2030 Term TIPS ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of iShares iBonds Oct 2030 Term TIPS ETF by 13.9% during the first quarter. Royal Bank of Canada now owns 14,341 shares of the company’s stock valued at $379,000 after buying an additional 1,748 shares during the period. Quantum Financial Advisors LLC lifted its holdings 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 during the period. MKT Advisors LLC bought a new stake in iShares iBonds Oct 2030 Term TIPS ETF during the 2nd quarter valued at approximately $305,000. D.A. Davidson & CO. purchased a new position in shares of iShares iBonds Oct 2030 Term TIPS ETF during the 2nd quarter worth approximately $2,652,000. Finally, Jim Saulnier & Associates LLC raised its position 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 worth $352,000 after acquiring an additional 379 shares in the last quarter.

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.