iShares LifePath Retirement ETF (NYSEARCA:IRTR) Stock Price Down 1.6% – Here’s What Happened

iShares LifePath Retirement ETF (NYSEARCA:IRTR) were down 1.6% during mid-day trading on Thursday . The company traded as low as $27.26 and last traded at $27.47. Approximately 3,802 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 5,377 shares. The stock had previously closed at $27.92.

iShares LifePath Retirement ETF Stock Down 1.6 %

The company has a market capitalization of $14.86 million, a price-to-earnings ratio of 19.65 and a beta of 0.48. The stock has a 50 day simple moving average of $28.52 and a 200 day simple moving average of $28.61.

Institutional Trading of iShares LifePath Retirement ETF

A hedge fund recently bought a new stake in iShares LifePath Retirement ETF stock. Sunbelt Securities Inc. bought a new stake in iShares LifePath Retirement ETF (NYSEARCA:IRTR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,334 shares of the company’s stock, valued at approximately $94,000. Sunbelt Securities Inc. owned about 2.78% of iShares LifePath Retirement ETF as of its most recent filing with the Securities & Exchange Commission.

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.