iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Trading Down 0.2% – Here’s What Happened

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) shares fell 0.2% on Thursday . The company traded as low as $30.73 and last traded at $30.75. 15,657 shares changed hands during mid-day trading, an increase of 119% from the average session volume of 7,154 shares. The stock had previously closed at $30.80.

iShares LifePath Target Date 2040 ETF Stock Performance

The firm has a market capitalization of $27.39 million, a PE ratio of 20.96 and a beta of 0.81. The company’s 50-day moving average price is $31.13 and its 200-day moving average price is $31.17.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares LifePath Target Date 2040 ETF stock. Heck Capital Advisors LLC purchased a new stake in iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,310 shares of the company’s stock, valued at approximately $40,000. Heck Capital Advisors LLC owned approximately 0.47% of iShares LifePath Target Date 2040 ETF as of its most recent SEC filing.

iShares LifePath Target Date 2040 ETF Company Profile

The iShares LifePath Target Date 2040 ETF (ITDD) 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.