iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) Stock Price Down 0.4% – Time to Sell?

iShares iBonds Oct 2030 Term TIPS ETF (NYSEARCA:IBIG) shares dropped 0.4% during mid-day trading on Friday . The stock traded as low as $26.21 and last traded at $26.22. Approximately 27,794 shares traded hands during mid-day trading, an increase of 27% from the average daily volume of 21,815 shares. The stock had previously closed at $26.32.

iShares iBonds Oct 2030 Term TIPS ETF Trading Down 0.4%

The company’s fifty day simple moving average is $26.24 and its two-hundred day simple moving average is $26.38.

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

A number of hedge funds have recently bought and sold shares of IBIG. ARK & TLK Investments LLC increased its holdings in iShares iBonds Oct 2030 Term TIPS ETF by 2.6% in the second quarter. ARK & TLK Investments LLC now owns 19,225 shares of the company’s stock valued at $509,000 after buying an additional 481 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of iShares iBonds Oct 2030 Term TIPS ETF by 97.6% in the 2nd quarter. Osaic Holdings Inc. now owns 1,235 shares of the company’s stock valued at $33,000 after acquiring an additional 610 shares during the last quarter. Parallel Advisors LLC acquired a new stake in shares of iShares iBonds Oct 2030 Term TIPS ETF during the 4th quarter valued at approximately $30,000. Creative Planning raised its position in shares of iShares iBonds Oct 2030 Term TIPS ETF by 12.0% during the 3rd quarter. Creative Planning now owns 11,793 shares of the company’s stock valued at $315,000 after acquiring an additional 1,266 shares in the last quarter. Finally, MKT Advisors LLC lifted its stake in iShares iBonds Oct 2030 Term TIPS ETF by 11.9% during the third quarter. MKT Advisors LLC now owns 13,063 shares of the company’s stock worth $345,000 after purchasing an additional 1,390 shares during the last quarter.

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.