iShares LifePath Retirement ETF (NYSEARCA:IRTR) Stock Price Up 0.4% – Still a Buy?

Shares of iShares LifePath Retirement ETF (NYSEARCA:IRTR) traded up 0.4% on Thursday . The company traded as high as $30.89 and last traded at $30.84. 30,217 shares changed hands during mid-day trading, an increase of 151% from the average session volume of 12,030 shares. The stock had previously closed at $30.72.

iShares LifePath Retirement ETF Stock Performance

The stock has a market cap of $33.92 million, a price-to-earnings ratio of 21.46 and a beta of 0.48. The stock has a fifty day simple moving average of $30.81 and a two-hundred day simple moving average of $30.21.

Institutional Investors Weigh In On iShares LifePath Retirement ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Valmark Advisers Inc. bought a new position in iShares LifePath Retirement ETF in the 2nd quarter valued at approximately $1,058,000. Sunbelt Securities Inc. lifted its stake in shares of iShares LifePath Retirement ETF by 112.9% in the 3rd 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 last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of iShares LifePath Retirement ETF by 69.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,400 shares of the company’s stock valued at $131,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Ameriflex Group Inc. grew its position in iShares LifePath Retirement ETF by 100.0% during the 3rd 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.

iShares LifePath Retirement ETF Company Profile

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.