iShares LifePath Retirement ETF (NYSEARCA:IRTR) Shares Down 0% – Should You Sell?

iShares LifePath Retirement ETF (NYSEARCA:IRTR)’s stock price dropped 0% during mid-day trading on Friday . The company traded as low as $28.64 and last traded at $28.71. Approximately 1,043 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 5,820 shares. The stock had previously closed at $28.72.

iShares LifePath Retirement ETF Stock Performance

The stock has a fifty day moving average price of $28.31 and a 200-day moving average price of $28.52. The firm has a market capitalization of $17.26 million, a PE ratio of 20.20 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) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 3,334 shares of the company’s stock, valued at approximately $94,000. Sunbelt Securities Inc. owned 2.78% of iShares LifePath Retirement ETF at the end of the most recent quarter.

About iShares LifePath Retirement ETF

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.