iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD – Get Free Report) shares dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $39.15 and last traded at $39.19. Approximately 8,668 shares were traded during mid-day trading, a decline of 57% from the average session volume of 20,157 shares. The stock had previously closed at $39.24.
iShares LifePath Target Date 2040 ETF Stock Down 0.4%
The firm has a market capitalization of $106.49 million, a PE ratio of 20.77 and a beta of 0.73. The stock’s fifty day simple moving average is $38.61 and its 200 day simple moving average is $37.43.
Hedge Funds Weigh In On iShares LifePath Target Date 2040 ETF
Institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. increased its position in iShares LifePath Target Date 2040 ETF by 15.9% in the fourth quarter. Sunbelt Securities Inc. now owns 2,613 shares of the company’s stock worth $92,000 after buying an additional 359 shares in the last quarter. McIlrath & Eck LLC grew its stake in shares of iShares LifePath Target Date 2040 ETF by 7,953.1% during the 4th quarter. McIlrath & Eck LLC now owns 2,577 shares of the company’s stock valued at $91,000 after acquiring an additional 2,545 shares during the period. Bellwether Advisors LLC purchased a new stake in iShares LifePath Target Date 2040 ETF in the 4th quarter worth approximately $249,000. Finally, Jane Street Group LLC purchased a new stake in shares of iShares LifePath Target Date 2040 ETF in the fourth quarter worth $638,000.
About iShares LifePath Target Date 2040 ETF
The iShares LifePath Target Date 2040 ETF (ITDD) is an exchange-traded fund that mostly invests in target date asset allocation. The fund is an actively managed fund-of-funds that invests in equity, fixed income, and money market ETFs using an asset allocation strategy that shifts exposure as the target retirement date approaches. The fund is intended for investors who anticipate retiring around 2040 ITDD was launched on Oct 17, 2023 and is issued by BlackRock.
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