iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Trading Up 0.4% – Still a Buy?

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) shot up 0.4% on Tuesday . The company traded as high as $35.03 and last traded at $35.03. 9,790 shares changed hands during trading, a decline of 19% from the average session volume of 12,093 shares. The stock had previously closed at $34.90.

iShares LifePath Target Date 2040 ETF Stock Up 0.4%

The business’s 50 day simple moving average is $34.12 and its two-hundred day simple moving average is $32.31. The stock has a market cap of $41.34 million, a P/E ratio of 20.77 and a beta of 0.81.

Hedge Funds 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. NBC Securities Inc. purchased a new position in shares of iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,184 shares of the company’s stock, valued at approximately $127,000. NBC Securities Inc. owned about 0.46% of iShares LifePath Target Date 2040 ETF at the end of the most recent quarter.

About iShares LifePath Target Date 2040 ETF

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.