iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Shares Down 0.5% – Should You Sell?

Shares of iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) traded down 0.5% during mid-day trading on Wednesday . The stock traded as low as $38.36 and last traded at $38.36. 23,377 shares were traded during trading, an increase of 8% from the average session volume of 21,661 shares. The stock had previously closed at $38.54.

iShares LifePath Target Date 2040 ETF Stock Down 0.5%

The company has a market cap of $102.04 million, a P/E ratio of 20.77 and a beta of 0.72. The business’s 50 day moving average is $37.96 and its 200 day moving average is $36.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in shares of iShares LifePath Target Date 2040 ETF in the 4th quarter worth $638,000. Bellwether Advisors LLC purchased a new stake in shares of iShares LifePath Target Date 2040 ETF during the 4th quarter worth $249,000. Sunbelt Securities Inc. boosted its position in iShares LifePath Target Date 2040 ETF by 15.9% during the fourth quarter. Sunbelt Securities Inc. now owns 2,613 shares of the company’s stock valued at $92,000 after purchasing an additional 359 shares in the last quarter. McIlrath & Eck LLC boosted its position in iShares LifePath Target Date 2040 ETF by 7,953.1% during the fourth quarter. McIlrath & Eck LLC now owns 2,577 shares of the company’s stock valued at $91,000 after purchasing an additional 2,545 shares in the last quarter. Finally, Capital Advisors Ltd. LLC bought a new stake in iShares LifePath Target Date 2040 ETF during the fourth quarter valued at about $41,000.

About iShares LifePath Target Date 2040 ETF

The iShares LifePath Target Date 2040 ETF (ITDD) 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 2040 ITDD was launched on Oct 17, 2023 and is issued by BlackRock.