iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Shares Down 0.1% – What’s Next?

Shares of iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) traded down 0.1% during trading on Friday . The stock traded as low as $25.19 and last traded at $25.20. 7,238 shares were traded during mid-day trading, an increase of 96% from the average session volume of 3,694 shares. The stock had previously closed at $25.22.

iShares iBonds Oct 2030 Term TIPS ETF Stock Down 0.1 %

The firm’s 50 day simple moving average is $25.58 and its 200 day simple moving average is $25.76.

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

Hedge funds have recently made changes to their positions in the company. Quantum Financial Advisors LLC grew its holdings in iShares iBonds Oct 2030 Term TIPS ETF by 10.5% during the 3rd quarter. Quantum Financial Advisors LLC now owns 144,269 shares of the company’s stock valued at $3,796,000 after buying an additional 13,675 shares in the last quarter. Jane Street Group LLC boosted its position in shares of iShares iBonds Oct 2030 Term TIPS ETF by 100.1% during the 3rd quarter. Jane Street Group LLC now owns 41,835 shares of the company’s stock valued at $1,101,000 after acquiring an additional 53,639,866 shares during the last quarter. Finally, Jim Saulnier & Associates LLC purchased a new position in shares of iShares iBonds Oct 2030 Term TIPS ETF in the third quarter valued at $335,000.

About iShares iBonds Oct 2030 Term TIPS ETF

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.