iShares LifePath Retirement ETF (NYSEARCA:IRTR) Trading Up 0.4% – Still a Buy?

iShares LifePath Retirement ETF (NYSEARCA:IRTR)’s share price shot up 0.4% on Wednesday . The company traded as high as $28.73 and last traded at $28.66. 15,787 shares changed hands during mid-day trading, an increase of 221% from the average session volume of 4,915 shares. The stock had previously closed at $28.55.

iShares LifePath Retirement ETF Trading Up 0.4 %

The company has a market capitalization of $13.79 million, a PE ratio of 21.90 and a beta of 0.48. The stock’s 50-day moving average is $28.63 and its two-hundred day moving average is $28.70.

Institutional Trading of iShares LifePath Retirement ETF

An institutional investor recently bought a new position in iShares LifePath Retirement ETF stock. Sunbelt Securities Inc. acquired a new position in iShares LifePath Retirement ETF (NYSEARCA:IRTR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,334 shares of the company’s stock, valued at approximately $94,000. Sunbelt Securities Inc. owned 2.78% of iShares LifePath Retirement ETF at the end of the most recent reporting period.

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.