iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Trading 0.2% Higher – Here’s What Happened

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) rose 0.2% on Tuesday . The company traded as high as $25.61 and last traded at $25.59. Approximately 8,008 shares were traded 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 Price Performance

The firm has a 50 day simple moving average of $25.90 and a 200-day simple moving average of $25.75.

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

Several large investors have recently modified their holdings of the stock. Quantum Financial Advisors LLC boosted its stake in iShares iBonds Oct 2030 Term TIPS ETF by 10.5% in the 3rd quarter. Quantum Financial Advisors LLC now owns 144,269 shares of the company’s stock valued at $3,796,000 after purchasing an additional 13,675 shares during the period. Jane Street Group LLC increased its position 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 buying an additional 53,639,866 shares during the period. Finally, Jim Saulnier & Associates LLC acquired a new stake in shares of iShares iBonds Oct 2030 Term TIPS ETF during the third quarter worth $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.