iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) Shares Up 0.9% – Still a Buy?

Shares of iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDEGet Free Report) rose 0.9% during mid-day trading on Thursday . The stock traded as high as $33.36 and last traded at $33.36. Approximately 3,577 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 6,366 shares. The stock had previously closed at $33.07.

iShares LifePath Target Date 2045 ETF Stock Performance

The firm’s 50-day simple moving average is $31.91 and its 200 day simple moving average is $31.42. The stock has a market capitalization of $32.69 million, a P/E ratio of 20.03 and a beta of 0.90.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ITDE. Citadel Advisors LLC lifted its stake in iShares LifePath Target Date 2045 ETF by 25.6% in the fourth quarter. Citadel Advisors LLC now owns 11,277 shares of the company’s stock valued at $348,000 after acquiring an additional 2,302 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of iShares LifePath Target Date 2045 ETF in the 1st quarter valued at about $34,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of iShares LifePath Target Date 2045 ETF in the 4th quarter valued at about $27,000.

About iShares LifePath Target Date 2045 ETF

(Get Free Report)

The iShares LifePath Target Date 2045 ETF USD (ITDE) 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.

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