iShares LifePath Retirement ETF (NYSEARCA:IRTR) Trading Down 0.1% – Here’s Why

iShares LifePath Retirement ETF (NYSEARCA:IRTR) shares fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $29.09 and last traded at $29.11. 5,258 shares traded hands during mid-day trading, a decline of 14% from the average session volume of 6,119 shares. The stock had previously closed at $29.14.

iShares LifePath Retirement ETF Stock Down 0.1%

The stock has a 50-day moving average price of $28.61 and a 200 day moving average price of $28.56. The firm has a market capitalization of $18.08 million, a price-to-earnings ratio of 21.08 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. acquired a new stake in iShares LifePath Retirement ETF (NYSEARCA:IRTR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,334 shares of the company’s stock, valued at approximately $94,000. Sunbelt Securities Inc. owned about 2.78% of iShares LifePath Retirement ETF as of its most recent filing with the Securities and Exchange Commission.

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.