iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Stock Price Up 0.7% – What’s Next?

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD)’s share price traded up 0.7% during mid-day trading on Tuesday . The company traded as high as $35.35 and last traded at $35.35. 7,523 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 12,207 shares. The stock had previously closed at $35.10.

iShares LifePath Target Date 2040 ETF Stock Performance

The stock’s 50 day moving average price is $35.19 and its 200-day moving average price is $33.81. The company has a market cap of $51.61 million, a PE ratio of 20.77 and a beta of 0.74.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares LifePath Target Date 2040 ETF stock. Sunbelt Securities Inc. acquired a new position in iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,254 shares of the company’s stock, valued at approximately $79,000. Sunbelt Securities Inc. owned 0.15% 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.