iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF) Shares Up 0.1% – Still a Buy?

iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF) were up 0.1% during mid-day trading on Tuesday . The company traded as high as $25.64 and last traded at $25.63. Approximately 8,561 shares changed hands during trading, an increase of 101% from the average daily volume of 4,263 shares. The stock had previously closed at $25.59.

iShares iBonds Oct 2029 Term TIPS ETF Stock Up 0.1 %

The business’s 50 day moving average is $25.85 and its 200-day moving average is $25.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantum Financial Advisors LLC raised its stake in shares of iShares iBonds Oct 2029 Term TIPS ETF by 4.7% during the second quarter. Quantum Financial Advisors LLC now owns 134,001 shares of the company’s stock valued at $3,453,000 after purchasing an additional 6,038 shares in the last quarter. Jim Saulnier & Associates LLC acquired a new position in shares of iShares iBonds Oct 2029 Term TIPS ETF in the 3rd quarter worth $306,000. Finally, Flow Traders U.S. LLC raised its holdings in iShares iBonds Oct 2029 Term TIPS ETF by 74.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 35,284 shares of the company’s stock worth $925,000 after buying an additional 15,079 shares during the period.

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.