HighTower Advisors LLC Has $23.05 Million Holdings in iShares iBonds Oct 2034 Term TIPS ETF $IBIK

HighTower Advisors LLC raised its stake in iShares iBonds Oct 2034 Term TIPS ETF (NYSEARCA:IBIK) by 7.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 879,641 shares of the company’s stock after purchasing an additional 63,184 shares during the period. HighTower Advisors LLC owned approximately 0.27% of iShares iBonds Oct 2034 Term TIPS ETF worth $23,051,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mendota Financial Group LLC bought a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the third quarter valued at about $84,000. Park Avenue Securities LLC raised its holdings in iShares iBonds Oct 2034 Term TIPS ETF by 46.3% in the 3rd quarter. Park Avenue Securities LLC now owns 78,865 shares of the company’s stock valued at $2,067,000 after acquiring an additional 24,955 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of iShares iBonds Oct 2034 Term TIPS ETF in the 2nd quarter worth approximately $2,719,000. Finally, Quantum Financial Advisors LLC lifted its position in shares of iShares iBonds Oct 2034 Term TIPS ETF by 0.9% in the 3rd quarter. Quantum Financial Advisors LLC now owns 109,151 shares of the company’s stock worth $2,860,000 after acquiring an additional 935 shares during the period.

iShares iBonds Oct 2034 Term TIPS ETF Stock Performance

IBIK opened at $25.97 on Thursday. iShares iBonds Oct 2034 Term TIPS ETF has a 1 year low of $24.43 and a 1 year high of $27.42. The stock’s 50 day simple moving average is $25.77 and its 200-day simple moving average is $25.96.

iShares iBonds Oct 2034 Term TIPS ETF Company Profile

The iShares iBonds Oct 2034 Term TIPS ETF (IBIK) 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 2034. The fund will terminate in October 2034 IBIK was launched on May 22, 2024 and is issued by BlackRock.