iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Shares Up 0.2% – Still a Buy?

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD)’s share price were up 0.2% during mid-day trading on Thursday . The stock traded as high as $36.09 and last traded at $35.99. Approximately 6,567 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 32,117 shares. The stock had previously closed at $35.91.

iShares LifePath Target Date 2040 ETF Stock Performance

The company has a market cap of $67.68 million, a PE ratio of 20.77 and a beta of 0.74. The company has a 50 day simple moving average of $35.54 and a two-hundred day simple moving average of $34.75.

Institutional Investors Weigh In On iShares LifePath Target Date 2040 ETF

An institutional investor recently bought a new position in iShares LifePath Target Date 2040 ETF stock. Sunbelt Securities Inc. purchased a new stake in shares of iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,254 shares of the company’s stock, valued at approximately $79,000. Sunbelt Securities Inc. owned approximately 0.15% of iShares LifePath Target Date 2040 ETF as of its most recent SEC filing.

iShares LifePath Target Date 2040 ETF Company Profile

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.