iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF) Stock Price Up 0.1% – Time to Buy?

iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF) shares rose 0.1% during mid-day trading on Tuesday . The stock traded as high as $25.31 and last traded at $25.31. Approximately 3,013 shares traded hands during trading, a decline of 35% from the average daily volume of 4,653 shares. The stock had previously closed at $25.28.

iShares iBonds Oct 2029 Term TIPS ETF Price Performance

The stock has a 50-day moving average of $25.65 and a 200 day moving average of $25.73.

Hedge Funds Weigh In On iShares iBonds Oct 2029 Term TIPS ETF

Several hedge funds have recently bought and sold shares of the company. Jim Saulnier & Associates LLC bought a new position in shares of iShares iBonds Oct 2029 Term TIPS ETF in the 3rd quarter valued at $306,000. Flow Traders U.S. LLC boosted its stake in iShares iBonds Oct 2029 Term TIPS ETF by 74.6% in the third quarter. Flow Traders U.S. LLC now owns 35,284 shares of the company’s stock valued at $925,000 after buying an additional 15,079 shares in the last quarter. Finally, Quantum Financial Advisors LLC grew its position in iShares iBonds Oct 2029 Term TIPS ETF by 8.8% in the third quarter. Quantum Financial Advisors LLC now owns 145,849 shares of the company’s stock valued at $3,823,000 after acquiring an additional 11,848 shares during 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.