iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) Stock Cross Below 50 Day Moving Average – Here’s Why

iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII – Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $24.80 and traded as low as $24.69. iShares iBonds Oct 2032 Term TIPS ETF shares last traded at $24.74, with a volume of 63,616 shares changing hands.

iShares iBonds Oct 2032 Term TIPS ETF Stock Down 0.6%

The company’s 50 day moving average is $24.80 and its 200 day moving average is $25.56.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Burkett Financial Services LLC purchased a new stake in shares of iShares iBonds Oct 2032 Term TIPS ETF in the third quarter worth about $117,000. Asset Dedication LLC acquired a new stake in shares of iShares iBonds Oct 2032 Term TIPS ETF in the third quarter worth approximately $124,000. Bradley & Co. Private Wealth Management LLC grew its holdings in shares of iShares iBonds Oct 2032 Term TIPS ETF by 22.7% during the third quarter. Bradley & Co. Private Wealth Management LLC now owns 30,936 shares of the company’s stock worth $759,000 after buying an additional 5,729 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of iShares iBonds Oct 2032 Term TIPS ETF during the second quarter worth $224,000. Finally, Magnus Financial Group LLC purchased a new stake in iShares iBonds Oct 2032 Term TIPS ETF during the 3rd quarter valued at about $330,000. Institutional investors and hedge funds own 0.16% of the company’s stock.

iShares iBonds Oct 2032 Term TIPS ETF Company Profile

(Get Free Report)

The iShares iBonds Oct 2032 Term TIPS ETF (IBII) 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 2032. The fund will terminate in October 2032 IBII was launched on Sep 19, 2023 and is issued by BlackRock.

Further Reading

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