iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) Trading 0.3% Higher – Here’s What Happened

Shares of iShares iBonds Oct 2028 Term TIPS ETF (NYSEARCA:IBIE) were up 0.3% during trading on Wednesday . The company traded as high as $26.05 and last traded at $26.05. Approximately 1,996 shares traded hands during trading, a decline of 63% from the average daily volume of 5,373 shares. The stock had previously closed at $25.97.

iShares iBonds Oct 2028 Term TIPS ETF Stock Performance

The business’s 50-day simple moving average is $25.76 and its 200 day simple moving average is $25.70.

Institutional Investors Weigh In On iShares iBonds Oct 2028 Term TIPS ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBIE. Citadel Advisors LLC bought a new position in iShares iBonds Oct 2028 Term TIPS ETF during the 4th quarter valued at $582,000. Quantum Financial Advisors LLC lifted its holdings in shares of iShares iBonds Oct 2028 Term TIPS ETF by 10.9% in the fourth quarter. Quantum Financial Advisors LLC now owns 179,375 shares of the company’s stock valued at $4,558,000 after buying an additional 17,575 shares during the period. Bradley & Co. Private Wealth Management LLC bought a new position in iShares iBonds Oct 2028 Term TIPS ETF during the fourth quarter valued at about $350,000. Jim Saulnier & Associates LLC acquired a new position in iShares iBonds Oct 2028 Term TIPS ETF during the third quarter worth about $329,000. Finally, CENTRAL TRUST Co acquired a new position in iShares iBonds Oct 2028 Term TIPS ETF during the fourth quarter worth about $293,000.

About iShares iBonds Oct 2028 Term TIPS ETF

The iShares iBonds Oct 2028 Term TIPS ETF (IBIE) 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 2028. The fund will terminate in October 2028.