iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Shares Up 0.2% – Should You Buy?

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG)’s share price were up 0.2% during trading on Tuesday . The stock traded as high as $25.61 and last traded at $25.59. Approximately 8,008 shares traded hands during trading, an increase of 134% from the average daily volume of 3,425 shares. The stock had previously closed at $25.54.

iShares iBonds Oct 2030 Term TIPS ETF Stock Performance

The company has a fifty day simple moving average of $25.90 and a two-hundred day simple moving average of $25.75.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Jim Saulnier & Associates LLC bought a new stake in shares of iShares iBonds Oct 2030 Term TIPS ETF during the third quarter worth $335,000. Jane Street Group LLC increased its holdings in 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 worth $1,101,000 after purchasing an additional 53,639,866 shares in the last quarter. Finally, Quantum Financial Advisors LLC raised its stake in shares of iShares iBonds Oct 2030 Term TIPS ETF by 3.0% in the 2nd quarter. Quantum Financial Advisors LLC now owns 130,594 shares of the company’s stock valued at $3,367,000 after purchasing an additional 3,753 shares during the period.

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.