iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI) Shares Down 2.8% – Here’s Why

iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI)’s share price dropped 2.8% during mid-day trading on Thursday . The company traded as low as $28.55 and last traded at $29.13. Approximately 2,193 shares traded hands during trading, an increase of 17% from the average daily volume of 1,873 shares. The stock had previously closed at $29.96.

iShares LifePath Target Date 2065 ETF Stock Performance

The firm’s fifty day simple moving average is $31.47 and its 200 day simple moving average is $31.93. The stock has a market capitalization of $8.16 million, a P/E ratio of 18.08 and a beta of 0.96.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares LifePath Target Date 2065 ETF stock. Heck Capital Advisors LLC bought a new position in shares of iShares LifePath Target Date 2065 ETF (NYSEARCA:ITDI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,501 shares of the company’s stock, valued at approximately $110,000. Heck Capital Advisors LLC owned about 2.50% of iShares LifePath Target Date 2065 ETF at the end of the most recent reporting period.

About iShares LifePath Target Date 2065 ETF

The iShares LifePath Target Date 2065 ETF (ITDI) 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.