iShares iBonds Oct 2031 Term TIPS ETF (NYSEARCA:IBIH) Stock Price Up 0.2% – Should You Buy?

Shares of iShares iBonds Oct 2031 Term TIPS ETF (NYSEARCA:IBIH) traded up 0.2% during mid-day trading on Monday . The company traded as high as $25.21 and last traded at $25.21. Approximately 36,928 shares were traded during mid-day trading, an increase of 119% from the average daily volume of 16,867 shares. The stock had previously closed at $25.17.

iShares iBonds Oct 2031 Term TIPS ETF Price Performance

The firm has a 50 day simple moving average of $25.57 and a 200-day simple moving average of $26.00.

Hedge Funds Weigh In On iShares iBonds Oct 2031 Term TIPS ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBIH. Allworth Financial LP acquired a new stake in shares of iShares iBonds Oct 2031 Term TIPS ETF during the 2nd quarter worth about $224,000. Jim Saulnier & Associates LLC lifted its position in iShares iBonds Oct 2031 Term TIPS ETF by 9.8% during the second quarter. Jim Saulnier & Associates LLC now owns 15,443 shares of the company’s stock worth $406,000 after acquiring an additional 1,378 shares during the last quarter. Quantum Financial Advisors LLC lifted its position in iShares iBonds Oct 2031 Term TIPS ETF by 3.8% during the second quarter. Quantum Financial Advisors LLC now owns 234,139 shares of the company’s stock worth $6,156,000 after acquiring an additional 8,483 shares during the last quarter. 4Thought Financial Group Inc. bought a new stake in shares of iShares iBonds Oct 2031 Term TIPS ETF during the first quarter worth approximately $351,000. Finally, Yoder Wealth Management Inc. boosted its holdings in shares of iShares iBonds Oct 2031 Term TIPS ETF by 10.7% during the first quarter. Yoder Wealth Management Inc. now owns 143,728 shares of the company’s stock worth $3,769,000 after acquiring an additional 13,918 shares during the period.

About iShares iBonds Oct 2031 Term TIPS ETF

The iShares iBonds Oct 2031 Term TIPS ETF (IBIH) 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 2031. The fund will terminate in October 2031 IBIH was launched on Sep 19, 2023 and is issued by BlackRock.