iShares LifePath Retirement ETF (NYSEARCA:IRTR) Stock Price Up 0.4% – Here’s Why

iShares LifePath Retirement ETF (NYSEARCA:IRTR)’s stock price were up 0.4% during mid-day trading on Friday . The company traded as high as $31.16 and last traded at $31.14. Approximately 132,746 shares traded hands during mid-day trading, an increase of 107% from the average daily volume of 64,191 shares. The stock had previously closed at $31.02.

iShares LifePath Retirement ETF Stock Performance

The stock has a market cap of $41.10 million, a price-to-earnings ratio of 21.46 and a beta of 0.48. The stock’s 50-day simple moving average is $30.84 and its two-hundred day simple moving average is $30.41.

Hedge Funds Weigh In On iShares LifePath Retirement ETF

Several large investors have recently made changes to their positions in IRTR. Valmark Advisers Inc. bought a new position in iShares LifePath Retirement ETF in the 2nd quarter worth approximately $1,058,000. Sunbelt Securities Inc. boosted its position in shares of iShares LifePath Retirement ETF by 112.9% in the third quarter. Sunbelt Securities Inc. now owns 7,099 shares of the company’s stock valued at $218,000 after acquiring an additional 3,765 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of iShares LifePath Retirement ETF in the first quarter valued at approximately $74,000. Finally, Ameriflex Group Inc. grew its stake in shares of iShares LifePath Retirement ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 964 shares of the company’s stock worth $30,000 after acquiring an additional 482 shares during the last quarter.

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.