iShares LifePath Target Date 2035 ETF (NYSEARCA:ITDC) Stock Price Down 2.3% – Here’s What Happened

iShares LifePath Target Date 2035 ETF (NYSEARCA:ITDC) shares dropped 2.3% on Thursday . The company traded as low as $28.26 and last traded at $28.60. Approximately 93,196 shares traded hands during trading, an increase of 1,016% from the average daily volume of 8,354 shares. The stock had previously closed at $29.26.

iShares LifePath Target Date 2035 ETF Stock Up 1.2 %

The firm has a market capitalization of $26.62 million, a price-to-earnings ratio of 19.09 and a beta of 0.72. The company has a 50-day moving average price of $30.12 and a 200-day moving average price of $30.45.

Institutional Investors Weigh In On iShares LifePath Target Date 2035 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Heck Capital Advisors LLC bought a new stake in shares of iShares LifePath Target Date 2035 ETF during the 4th quarter worth about $46,000. Citadel Advisors LLC bought a new position in shares of iShares LifePath Target Date 2035 ETF in the fourth quarter valued at approximately $208,000. Finally, Cyr Financial Inc. acquired a new position in shares of iShares LifePath Target Date 2035 ETF during the fourth quarter valued at approximately $299,000.

iShares LifePath Target Date 2035 ETF Company Profile

The iShares LifePath Target Date 2035 ETF USD (ITDC) 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.