iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE – Get Free Report)’s share price rose 0.6% on Tuesday . The stock traded as high as $40.98 and last traded at $40.91. Approximately 18,348 shares were traded during mid-day trading, an increase of 44% from the average daily volume of 12,748 shares. The stock had previously closed at $40.68.
iShares LifePath Target Date 2045 ETF Trading Up 0.6%
The firm has a market cap of $90.00 million, a price-to-earnings ratio of 20.03 and a beta of 0.81. The stock’s fifty day moving average price is $40.13 and its 200-day moving average price is $38.72.
Institutional Investors Weigh In On iShares LifePath Target Date 2045 ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP lifted its stake in shares of iShares LifePath Target Date 2045 ETF by 38.4% in the 3rd quarter. Susquehanna International Group LLP now owns 9,001 shares of the company’s stock valued at $323,000 after purchasing an additional 2,496 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of iShares LifePath Target Date 2045 ETF by 2,054.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,607 shares of the company’s stock worth $94,000 after purchasing an additional 2,486 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of iShares LifePath Target Date 2045 ETF during the 1st quarter worth about $34,000.
About iShares LifePath Target Date 2045 ETF
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. The fund is intended for investors who anticipate retiring around 2045 ITDE was launched on Oct 17, 2023 and is issued by BlackRock.
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