Shares of iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF – Get Free Report) traded down 0.4% on Monday . The company traded as low as $42.20 and last traded at $42.23. 11,765 shares traded hands during trading, a decline of 15% from the average daily volume of 13,816 shares. The stock had previously closed at $42.39.
iShares LifePath Target Date 2050 ETF Stock Performance
The firm has a 50 day moving average of $41.56 and a 200-day moving average of $39.95. The stock has a market capitalization of $86.15 million, a PE ratio of 20.56 and a beta of 0.86.
Institutional Trading of iShares LifePath Target Date 2050 ETF
A number of hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC boosted its holdings in shares of iShares LifePath Target Date 2050 ETF by 78.6% during the third quarter. Citadel Advisors LLC now owns 14,107 shares of the company’s stock worth $518,000 after purchasing an additional 6,208 shares during the period. Susquehanna International Group LLP increased its stake in iShares LifePath Target Date 2050 ETF by 28.3% in the 3rd quarter. Susquehanna International Group LLP now owns 14,096 shares of the company’s stock valued at $518,000 after buying an additional 3,107 shares during the period. Sound Financial Strategies Group LLC purchased a new stake in iShares LifePath Target Date 2050 ETF in the 4th quarter worth approximately $201,000. Finally, Jane Street Group LLC purchased a new stake in iShares LifePath Target Date 2050 ETF in the 4th quarter worth approximately $816,000.
About iShares LifePath Target Date 2050 ETF
The iShares LifePath Target Date 2050 ETF USD (ITDF) 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 2050. ITDF was launched on Oct 17, 2023 and is issued by BlackRock.
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