iShares LifePath Retirement ETF (NYSEARCA:IRTR) Trading Up 0.3% – Here’s Why

iShares LifePath Retirement ETF (NYSEARCA:IRTR)’s stock price rose 0.3% during mid-day trading on Friday . The stock traded as high as $31.59 and last traded at $31.58. Approximately 5,472 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 26,426 shares. The stock had previously closed at $31.50.

iShares LifePath Retirement ETF Price Performance

The firm has a market capitalization of $49.26 million, a price-to-earnings ratio of 21.46 and a beta of 0.48. The business’s 50-day moving average price is $31.14 and its 200 day moving average price is $30.76.

Hedge Funds Weigh In On iShares LifePath Retirement ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IRTR. Ameriflex Group Inc. grew its stake 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 valued at $30,000 after acquiring an additional 482 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in iShares LifePath Retirement ETF by 69.2% in the second quarter. Geneos Wealth Management Inc. now owns 4,400 shares of the company’s stock valued at $131,000 after purchasing an additional 1,800 shares during the last quarter. Jane Street Group LLC grew its stake in iShares LifePath Retirement ETF by 20.7% during the 4th 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 in the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in iShares LifePath Retirement ETF by 112.9% during 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 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.