iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) Trading 0.6% Higher – Here’s What Happened

iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) were up 0.6% during mid-day trading on Thursday . The company traded as high as $38.84 and last traded at $38.73. Approximately 8,490 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 10,871 shares. The stock had previously closed at $38.51.

iShares LifePath Target Date 2055 ETF Stock Up 0.6%

The firm has a market capitalization of $34.86 million, a price-to-earnings ratio of 20.29 and a beta of 0.87. The company’s 50 day moving average price is $37.94 and its 200 day moving average price is $36.88.

Institutional Trading of iShares LifePath Target Date 2055 ETF

A hedge fund recently raised its stake in iShares LifePath Target Date 2055 ETF stock. Sunbelt Securities Inc. lifted its position in iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) by 1,710.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,086 shares of the company’s stock after purchasing an additional 1,026 shares during the quarter. Sunbelt Securities Inc. owned about 0.14% of iShares LifePath Target Date 2055 ETF worth $40,000 as of its most recent SEC filing.

iShares LifePath Target Date 2055 ETF Company Profile

The iShares LifePath Target Date 2055 ETF (ITDG) 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 2055 ITDG was launched on Oct 17, 2023 and is issued by BlackRock.