iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Trading 0.1% Higher

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) shares shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $25.41 and last traded at $25.41. 5,797 shares traded hands during mid-day trading, an increase of 67% from the average session volume of 3,470 shares. The stock had previously closed at $25.38.

iShares iBonds Oct 2030 Term TIPS ETF Price Performance

The business has a fifty day moving average of $25.54 and a 200-day moving average of $25.50.

Hedge Funds Weigh In On iShares iBonds Oct 2030 Term TIPS ETF

A number of large investors have recently modified their holdings of IBIG. ARK & TLK Investments LLC lifted its stake in iShares iBonds Oct 2030 Term TIPS ETF by 67.1% during the 1st quarter. ARK & TLK Investments LLC now owns 18,344 shares of the company’s stock valued at $471,000 after acquiring an additional 7,369 shares in the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in iShares iBonds Oct 2030 Term TIPS ETF during the 1st quarter valued at $146,000. Finally, Quantum Financial Advisors LLC bought a new position in iShares iBonds Oct 2030 Term TIPS ETF during the 1st quarter valued at $3,256,000.

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.