iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Stock Price Down 0.5% – Here’s Why

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD)’s share price traded down 0.5% during trading on Friday . The stock traded as low as $31.20 and last traded at $31.25. 26,890 shares changed hands during trading, an increase of 134% from the average session volume of 11,479 shares. The stock had previously closed at $31.42.

iShares LifePath Target Date 2040 ETF Trading Down 0.5 %

The firm has a 50-day moving average of $31.15 and a 200 day moving average of $30.87.

Hedge Funds Weigh In On iShares LifePath Target Date 2040 ETF

A hedge fund recently bought a new stake in iShares LifePath Target Date 2040 ETF stock. Heck Capital Advisors LLC bought a new stake in iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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.

About iShares LifePath Target Date 2040 ETF

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.