iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF) Stock Price Up 0% – Still a Buy?

Shares of iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF) shot up 0% during trading on Monday . The company traded as high as $25.73 and last traded at $25.70. 150,559 shares traded hands during mid-day trading, an increase of 584% from the average daily volume of 22,011 shares. The stock had previously closed at $25.69.

iShares iBonds Oct 2029 Term TIPS ETF Stock Up 0.0%

The firm’s fifty day moving average is $25.77 and its two-hundred day moving average is $26.12.

Institutional Investors Weigh In On iShares iBonds Oct 2029 Term TIPS ETF

A number of large investors have recently modified their holdings of IBIF. Parallel Advisors LLC bought a new position in iShares iBonds Oct 2029 Term TIPS ETF in the fourth quarter worth about $30,000. Osaic Holdings Inc. boosted its position in iShares iBonds Oct 2029 Term TIPS ETF by 169.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,686 shares of the company’s stock valued at $45,000 after acquiring an additional 1,061 shares in the last quarter. McIlrath & Eck LLC bought a new stake in iShares iBonds Oct 2029 Term TIPS ETF during the 1st quarter valued at approximately $46,000. Steward Partners Investment Advisory LLC grew its holdings in shares of iShares iBonds Oct 2029 Term TIPS ETF by 118.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,802 shares of the company’s stock worth $255,000 after acquiring an additional 5,309 shares during the period. Finally, Jane Street Group LLC grew its holdings in shares of iShares iBonds Oct 2029 Term TIPS ETF by 14.3% during the 1st quarter. Jane Street Group LLC now owns 11,689 shares of the company’s stock worth $308,000 after acquiring an additional 1,462 shares during the period.

About iShares iBonds Oct 2029 Term TIPS ETF

The iShares iBonds Oct 2029 Term TIPS ETF (IBIF) 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 2029. The fund will terminate in October 2029 IBIF was launched on Sep 19, 2023 and is issued by BlackRock.