iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF) Stock Cross Above 50-Day Moving Average – Here’s Why

iShares iBonds Oct 2029 Term TIPS ETF (NYSEARCA:IBIF)’s stock price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $25.53 and traded as high as $25.56. iShares iBonds Oct 2029 Term TIPS ETF shares last traded at $25.56, with a volume of 38,154 shares changing hands.

iShares iBonds Oct 2029 Term TIPS ETF Stock Up 0.0%

The firm’s 50-day simple moving average is $25.53 and its 200-day simple moving average is $25.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBIF. Jim Saulnier & Associates LLC grew its position in iShares iBonds Oct 2029 Term TIPS ETF by 2.5% during the 3rd quarter. Jim Saulnier & Associates LLC now owns 33,601 shares of the company’s stock worth $854,000 after acquiring an additional 815 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new position in iShares iBonds Oct 2029 Term TIPS ETF in the third quarter worth $30,000. Integrated Wealth Concepts LLC acquired a new position in iShares iBonds Oct 2029 Term TIPS ETF in the second quarter worth $35,000. Asset Dedication LLC bought a new stake in shares of iShares iBonds Oct 2029 Term TIPS ETF during the third quarter worth $34,000. Finally, McIlrath & Eck LLC bought a new stake in shares of iShares iBonds Oct 2029 Term TIPS ETF during the first quarter worth $46,000.

iShares iBonds Oct 2029 Term TIPS ETF Company Profile

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.