iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) Trading Up 0.2% – Still a Buy?

Shares of iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) rose 0.2% during mid-day trading on Wednesday . The company traded as high as $36.49 and last traded at $36.45. Approximately 17,272 shares were traded during trading, an increase of 67% from the average daily volume of 10,367 shares. The stock had previously closed at $36.39.

iShares LifePath Target Date 2045 ETF Price Performance

The stock has a market capitalization of $49.57 million, a P/E ratio of 20.03 and a beta of 0.82. The stock has a fifty day moving average price of $36.38 and a 200 day moving average price of $35.15.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ITDE. Geneos Wealth Management Inc. purchased a new stake in shares of iShares LifePath Target Date 2045 ETF in the first quarter worth about $34,000. Sunbelt Securities Inc. grew its position in shares of iShares LifePath Target Date 2045 ETF by 2,054.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,607 shares of the company’s stock valued at $94,000 after purchasing an additional 2,486 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in iShares LifePath Target Date 2045 ETF by 38.4% in the 3rd quarter. Susquehanna International Group LLP now owns 9,001 shares of the company’s stock worth $323,000 after acquiring an additional 2,496 shares during the last quarter.

About iShares LifePath Target Date 2045 ETF

The iShares LifePath Target Date 2045 ETF USD (ITDE) 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. The fund is intended for investors who anticipate retiring around 2045 ITDE was launched on Oct 17, 2023 and is issued by BlackRock.