iShares iBonds Oct 2031 Term TIPS ETF (NYSEARCA:IBIH) Trading Up 0.1% – Here’s Why

iShares iBonds Oct 2031 Term TIPS ETF (NYSEARCA:IBIH)’s share price rose 0.1% on Friday . The company traded as high as $25.46 and last traded at $25.42. Approximately 14,265 shares changed hands during mid-day trading, an increase of 350% from the average daily volume of 3,167 shares. The stock had previously closed at $25.40.

iShares iBonds Oct 2031 Term TIPS ETF Stock Up 0.1 %

The stock has a 50 day simple moving average of $25.95 and a two-hundred day simple moving average of $25.74.

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

Several hedge funds have recently made changes to their positions in IBIH. Quantum Financial Advisors LLC grew its holdings in shares of iShares iBonds Oct 2031 Term TIPS ETF by 3.0% during the second quarter. Quantum Financial Advisors LLC now owns 130,212 shares of the company’s stock worth $3,352,000 after purchasing an additional 3,803 shares during the last quarter. Yoder Wealth Management Inc. grew its holdings in shares of iShares iBonds Oct 2031 Term TIPS ETF by 27.2% during the third quarter. Yoder Wealth Management Inc. now owns 49,529 shares of the company’s stock worth $1,307,000 after purchasing an additional 10,590 shares during the last quarter. Finally, Flow Traders U.S. LLC grew its holdings in shares of iShares iBonds Oct 2031 Term TIPS ETF by 77.7% during the third quarter. Flow Traders U.S. LLC now owns 35,096 shares of the company’s stock worth $926,000 after purchasing an additional 15,343 shares during the last quarter.

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.