iShares LifePath Retirement ETF (NYSEARCA:IRTR) Trading 0.3% Higher – Should You Buy?

iShares LifePath Retirement ETF (NYSEARCA:IRTR) shares were up 0.3% during mid-day trading on Friday . The company traded as high as $31.59 and last traded at $31.58. Approximately 5,472 shares were traded during trading, a decline of 79% from the average daily volume of 26,426 shares. The stock had previously closed at $31.50.

iShares LifePath Retirement ETF Price Performance

The business’s 50-day simple moving average is $31.14 and its two-hundred day simple moving average is $30.76. The stock has a market capitalization of $49.26 million, a price-to-earnings ratio of 21.46 and a beta of 0.48.

Institutional Trading of iShares LifePath Retirement ETF

Large investors have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. raised its position in iShares LifePath Retirement ETF by 100.0% in the third quarter. Ameriflex Group Inc. now owns 964 shares of the company’s stock valued at $30,000 after purchasing an additional 482 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of iShares LifePath Retirement ETF by 69.2% in the second quarter. Geneos Wealth Management Inc. now owns 4,400 shares of the company’s stock valued at $131,000 after buying an additional 1,800 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of iShares LifePath Retirement ETF by 20.7% during the 4th quarter. Jane Street Group LLC now owns 17,351 shares of the company’s stock valued at $535,000 after buying an additional 2,978 shares during the period. Finally, Sunbelt Securities Inc. lifted its position in iShares LifePath Retirement ETF by 112.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,099 shares of the company’s stock worth $218,000 after acquiring an additional 3,765 shares in 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.