iShares LifePath Retirement ETF (NYSEARCA:IRTR) Trading Down 0.3% – Time to Sell?

iShares LifePath Retirement ETF (NYSEARCA:IRTR)’s share price were down 0.3% during trading on Wednesday . The company traded as low as $32.02 and last traded at $32.03. Approximately 21,681 shares were traded during mid-day trading, an increase of 29% from the average session volume of 16,814 shares. The stock had previously closed at $32.12.

iShares LifePath Retirement ETF Price Performance

The stock has a market cap of $56.37 million, a PE ratio of 21.46 and a beta of 0.45. The company has a 50 day moving average price of $31.87 and a two-hundred day moving average price of $31.35.

Hedge Funds Weigh In On iShares LifePath Retirement ETF

A number of hedge funds have recently bought and sold shares of the business. Jane Street Group LLC lifted 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 acquiring an additional 2,978 shares during the period. Sunbelt Securities Inc. grew its stake in shares of 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 acquiring an additional 3,765 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of iShares LifePath Retirement ETF by 69.2% during 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. Finally, Ameriflex Group Inc. raised its holdings 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 purchasing 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.