iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) Trading Up 0.6% – Time to Buy?

iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG)’s stock price shot up 0.6% on Thursday . The stock traded as high as $38.84 and last traded at $38.73. 8,490 shares changed hands during trading, a decline of 22% from the average session volume of 10,871 shares. The stock had previously closed at $38.51.

iShares LifePath Target Date 2055 ETF Trading Up 0.1%

The firm’s fifty day moving average price is $37.96 and its 200-day moving average price is $36.91. The firm has a market cap of $34.90 million, a price-to-earnings ratio of 20.29 and a beta of 0.87.

Hedge Funds Weigh In On iShares LifePath Target Date 2055 ETF

A hedge fund recently raised its stake in iShares LifePath Target Date 2055 ETF stock. Sunbelt Securities Inc. raised its stake in shares of iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) by 1,710.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,086 shares of the company’s stock after acquiring an additional 1,026 shares during the period. Sunbelt Securities Inc. owned approximately 0.14% of iShares LifePath Target Date 2055 ETF worth $40,000 as of its most recent SEC filing.

About iShares LifePath Target Date 2055 ETF

The iShares LifePath Target Date 2055 ETF (ITDG) 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 2055 ITDG was launched on Oct 17, 2023 and is issued by BlackRock.