iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Shares Down 0.5% – Here’s What Happened

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD)’s share price were down 0.5% during trading on Wednesday . The company traded as low as $38.36 and last traded at $38.36. 23,377 shares traded hands during trading, an increase of 8% from the average daily volume of 21,661 shares. The stock had previously closed at $38.54.

iShares LifePath Target Date 2040 ETF Stock Performance

The company has a market cap of $102.22 million, a PE ratio of 20.77 and a beta of 0.72. The stock’s 50-day simple moving average is $37.99 and its 200 day simple moving average is $36.63.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in iShares LifePath Target Date 2040 ETF in the fourth quarter valued at about $638,000. Bellwether Advisors LLC acquired a new position in iShares LifePath Target Date 2040 ETF during the 4th quarter worth approximately $249,000. Sunbelt Securities Inc. increased its position in iShares LifePath Target Date 2040 ETF by 15.9% during the 4th quarter. Sunbelt Securities Inc. now owns 2,613 shares of the company’s stock worth $92,000 after purchasing an additional 359 shares during the period. McIlrath & Eck LLC raised 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 worth $91,000 after buying an additional 2,545 shares in the last quarter. Finally, Capital Advisors Ltd. LLC purchased a new position in shares of iShares LifePath Target Date 2040 ETF during the 4th quarter worth approximately $41,000.

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.