iShares LifePath Retirement ETF (NYSEARCA:IRTR) Stock Price Down 1.6% – Should You Sell?

Shares of iShares LifePath Retirement ETF (NYSEARCA:IRTR) traded down 1.6% during trading on Thursday . The stock traded as low as $27.26 and last traded at $27.47. 3,802 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 5,377 shares. The stock had previously closed at $27.92.

iShares LifePath Retirement ETF Stock Performance

The company has a 50-day moving average of $28.52 and a 200-day moving average of $28.61. The stock has a market capitalization of $14.86 million, a price-to-earnings ratio of 19.65 and a beta of 0.48.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares LifePath Retirement ETF stock. Sunbelt Securities Inc. purchased a new stake in iShares LifePath Retirement ETF (NYSEARCA:IRTR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,334 shares of the company’s stock, valued at approximately $94,000. Sunbelt Securities Inc. owned approximately 2.78% of iShares LifePath Retirement ETF at the end of the most recent quarter.

iShares LifePath Retirement ETF Company Profile

The iShares LifePath Retirement ETF (IRTR) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a fund-of-funds that seeks to provide retirement outcomes through an actively managed portfolio of equity, fixed income, and money market ETFs. IRTR was launched on Oct 17, 2023 and is issued by BlackRock.