iShares LifePath Retirement ETF (NYSEARCA:IRTR) Shares Up 0.5% – Should You Buy?

iShares LifePath Retirement ETF (NYSEARCA:IRTR) shares traded up 0.5% during trading on Tuesday . The stock traded as high as $30.83 and last traded at $30.82. 37,334 shares changed hands during mid-day trading, an increase of 225% from the average session volume of 11,499 shares. The stock had previously closed at $30.68.

iShares LifePath Retirement ETF Trading Up 0.5%

The business has a 50-day moving average of $30.73 and a 200 day moving average of $29.98. The firm has a market capitalization of $33.90 million, a P/E ratio of 21.46 and a beta of 0.48.

Hedge Funds Weigh In On iShares LifePath Retirement ETF

A number of institutional investors have recently modified their holdings of the company. Ameriflex Group Inc. lifted its holdings in shares of iShares LifePath Retirement ETF by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 964 shares of the company’s stock worth $30,000 after purchasing an additional 482 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in iShares LifePath Retirement ETF during the first quarter worth $74,000. Sunbelt Securities Inc. raised its holdings in iShares LifePath Retirement ETF by 112.9% during the third quarter. Sunbelt Securities Inc. now owns 7,099 shares of the company’s stock worth $218,000 after buying an additional 3,765 shares during the last quarter. Finally, Valmark Advisers Inc. bought a new position in shares of iShares LifePath Retirement ETF in the second quarter valued at $1,058,000.

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.