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

iShares LifePath Retirement ETF (NYSEARCA:IRTR) 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 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 firm has a market cap of $41.10 million, a price-to-earnings ratio of 21.46 and a beta of 0.48. The business’s 50-day moving average is $30.84 and its 200-day moving average is $30.41.

Hedge Funds Weigh In On iShares LifePath Retirement ETF

Large investors have recently modified their holdings of the stock. Ameriflex Group Inc. raised its position in shares of iShares LifePath Retirement ETF by 100.0% during 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. Geneos Wealth Management Inc. bought a new position in iShares LifePath Retirement ETF in the first quarter valued at about $74,000. Sunbelt Securities Inc. increased its position in iShares LifePath Retirement ETF by 112.9% in the third 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. Finally, Valmark Advisers Inc. bought a new stake in iShares LifePath Retirement ETF during the 2nd quarter worth about $1,058,000.

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.