Insertion point inside word editing text

Try this:

"Turn your keyboard into a trackpad

1. Touch and hold the Space bar with one finger until the keyboard turns light gray.
2. Move the insertion point by dragging around the keyboard.
3. To select text with drag points, continue holding the keyboard until drag points appear on the insertion point, then move your fingers.
4. To use the trackpad to move the insertion point, drag the insertion point to a new location before drag points appear."
5. 

Or this:

• Insert text: Tap to place the insertion point where you want to insert text. You can also move the insertion point precisely by dragging it. Then start typing.
• 

https://support.apple.com/guide/ipad/type-and-edit-text-ipad997da459/ipados

-AJ

You are welcome. Enjoy the rest of your day.