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

iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF)’s share price rose 0.1% on Tuesday . The stock traded as high as $25.31 and last traded at $25.31. Approximately 3,013 shares changed hands during mid-day 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 Stock Up 0.1 %

The stock has a 50 day simple moving average of $25.63 and a 200-day simple moving average of $25.73.

Institutional Investors Weigh In On iShares iBonds Oct 2029 Term TIPS ETF

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