iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Stock Price Up 0.2% – Here’s What Happened

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDDGet Free Report)’s stock price rose 0.2% during mid-day trading on Monday . The company traded as high as $37.73 and last traded at $37.64. Approximately 34,215 shares traded hands during trading, an increase of 51% from the average daily volume of 22,699 shares. The stock had previously closed at $37.56.

iShares LifePath Target Date 2040 ETF Trading Up 1.1%

The company has a market cap of $90.74 million, a P/E ratio of 20.77 and a beta of 0.74. The business’s 50 day simple moving average is $36.33 and its 200 day simple moving average is $36.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. increased its stake in iShares LifePath Target Date 2040 ETF by 15.9% in the 4th 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. Capital Advisors Ltd. LLC bought a new position in shares of iShares LifePath Target Date 2040 ETF in the fourth quarter worth about $41,000. McIlrath & Eck LLC grew its position in shares of iShares LifePath Target Date 2040 ETF by 7,953.1% during the fourth quarter. McIlrath & Eck LLC now owns 2,577 shares of the company’s stock worth $91,000 after purchasing an additional 2,545 shares in the last quarter. Bellwether Advisors LLC purchased a new stake in shares of iShares LifePath Target Date 2040 ETF during the fourth quarter worth about $249,000. Finally, Jane Street Group LLC bought a new stake in iShares LifePath Target Date 2040 ETF during the 4th quarter valued at approximately $638,000.

iShares LifePath Target Date 2040 ETF Company Profile

(Get Free Report)

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.

Further Reading

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