iShares LifePath Retirement ETF (NYSEARCA:IRTR) Shares Down 0.7% – Here’s What Happened

Shares of iShares LifePath Retirement ETF (NYSEARCA:IRTR) fell 0.7% during trading on Thursday . The stock traded as low as $31.51 and last traded at $31.53. 7,008 shares changed hands during trading, a decline of 58% from the average daily volume of 16,497 shares. The stock had previously closed at $31.74.

iShares LifePath Retirement ETF Price Performance

The business’s fifty day simple moving average is $31.91 and its two-hundred day simple moving average is $31.46. The company has a market cap of $57.38 million, a PE ratio of 21.46 and a beta of 0.45.

Hedge Funds Weigh In On iShares LifePath Retirement ETF

Several institutional investors and hedge funds have recently modified their holdings of IRTR. Sunbelt Securities Inc. raised its holdings in iShares LifePath Retirement ETF by 112.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,099 shares of the company’s stock worth $218,000 after purchasing an additional 3,765 shares during the period. Jane Street Group LLC grew its holdings in iShares LifePath Retirement ETF by 20.7% in the fourth quarter. Jane Street Group LLC now owns 17,351 shares of the company’s stock valued at $535,000 after purchasing an additional 2,978 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of iShares LifePath Retirement ETF in the first quarter valued at approximately $74,000.

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.