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

iShares iBonds Oct 2031 Term TIPS ETF (NYSEARCA:IBIH)’s share price traded down 0.1% during trading on Wednesday . The stock traded as low as $26.37 and last traded at $26.37. 6,337 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 9,911 shares. The stock had previously closed at $26.39.

iShares iBonds Oct 2031 Term TIPS ETF Trading Down 0.0%

The company’s fifty day simple moving average is $26.22 and its two-hundred day simple moving average is $26.34.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IBIH. Osaic Holdings Inc. lifted its stake in iShares iBonds Oct 2031 Term TIPS ETF by 25.3% in the 4th quarter. Osaic Holdings Inc. now owns 8,406 shares of the company’s stock valued at $219,000 after buying an additional 1,698 shares in the last quarter. Jane Street Group LLC grew its holdings in iShares iBonds Oct 2031 Term TIPS ETF by 8.4% during the 4th quarter. Jane Street Group LLC now owns 42,259 shares of the company’s stock valued at $1,099,000 after buying an additional 3,278 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in iShares iBonds Oct 2031 Term TIPS ETF by 34.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,871 shares of the company’s stock worth $75,000 after buying an additional 741 shares in the last quarter. LPL Financial LLC raised its holdings in shares of iShares iBonds Oct 2031 Term TIPS ETF by 52.1% in the fourth quarter. LPL Financial LLC now owns 16,025 shares of the company’s stock worth $417,000 after acquiring an additional 5,491 shares during the last quarter. Finally, IFG Advisory LLC acquired a new position in shares of iShares iBonds Oct 2031 Term TIPS ETF in the fourth quarter worth $494,000.

iShares iBonds Oct 2031 Term TIPS ETF Company Profile

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.