iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) Shares Up 1.2% – What’s Next?

iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) shot up 1.2% on Monday . The company traded as high as $31.80 and last traded at $31.80. 8,330 shares were traded during trading, an increase of 77% from the average session volume of 4,699 shares. The stock had previously closed at $31.41.

iShares LifePath Target Date 2050 ETF Stock Performance

The stock has a market capitalization of $22.90 million, a price-to-earnings ratio of 20.58 and a beta of 0.94. The business has a 50-day moving average of $32.00 and a 200-day moving average of $31.97.

Hedge Funds Weigh In On iShares LifePath Target Date 2050 ETF

A hedge fund recently bought a new stake in iShares LifePath Target Date 2050 ETF stock. Principal Securities Inc. acquired a new stake in iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,055 shares of the company’s stock, valued at approximately $33,000. Principal Securities Inc. owned 0.33% of iShares LifePath Target Date 2050 ETF as of its most recent filing with the Securities and Exchange Commission.

About iShares LifePath Target Date 2050 ETF

The iShares LifePath Target Date 2050 ETF USD (ITDF) 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.