iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Shares Down 0.1% – Should You Sell?

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

iShares iBonds Oct 2030 Term TIPS ETF Stock Performance

The business’s 50-day simple moving average is $25.58 and its two-hundred day simple moving average is $25.76.

Institutional Trading of iShares iBonds Oct 2030 Term TIPS ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jim Saulnier & Associates LLC purchased a new position in iShares iBonds Oct 2030 Term TIPS ETF during the 3rd quarter valued at about $335,000. Jane Street Group LLC lifted 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 buying an additional 53,639,866 shares in the last quarter. Finally, Quantum Financial Advisors LLC boosted its position 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 buying an additional 13,675 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.