iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) Trading at $24.50

iShares iBonds Oct 2032 Term TIPS ETF (NYSEARCA:IBII) shares shot up 0% on Wednesday. The company traded as high as $24.51 and last traded at $24.50. 42,132 shares were traded during mid-day trading, an increase of 134% from the average session volume of 17,968 shares. The stock had previously closed at $24.49.

iShares iBonds Oct 2032 Term TIPS ETF Stock Down 0.1%

The firm has a fifty day moving average price of $25.03 and a 200 day moving average price of $25.55.

Hedge Funds Weigh In On iShares iBonds Oct 2032 Term TIPS ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IBII. Quantum Financial Advisors LLC lifted its stake in shares of iShares iBonds Oct 2032 Term TIPS ETF by 604.4% in the second quarter. Quantum Financial Advisors LLC now owns 214,029 shares of the company’s stock valued at $5,565,000 after purchasing an additional 183,646 shares during the period. CENTRAL TRUST Co lifted its position in shares of iShares iBonds Oct 2032 Term TIPS ETF by 78.9% during the 1st quarter. CENTRAL TRUST Co now owns 67,386 shares of the company’s stock valued at $1,746,000 after acquiring an additional 29,724 shares during the period. Yoder Wealth Management Inc. boosted its stake in shares of iShares iBonds Oct 2032 Term TIPS ETF by 69.8% during the 1st quarter. Yoder Wealth Management Inc. now owns 14,600 shares of the company’s stock worth $378,000 after acquiring an additional 6,000 shares in the last quarter. 4Thought Financial Group Inc. purchased a new stake in shares of iShares iBonds Oct 2032 Term TIPS ETF during the 1st quarter worth approximately $351,000. Finally, Allworth Financial LP acquired a new stake in shares of iShares iBonds Oct 2032 Term TIPS ETF in the 2nd quarter worth approximately $224,000. 0.16% of the stock is owned by institutional investors and hedge funds.

About iShares iBonds Oct 2032 Term TIPS ETF

The iShares iBonds Oct 2032 Term TIPS ETF (IBII) 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 2032. The fund will terminate in October 2032 IBII was launched on Sep 19, 2023 and is issued by BlackRock.