iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Shares Down 0.2% – Here’s Why

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD)’s stock price fell 0.2% during trading 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 Down 0.2 %

The stock has a market capitalization of $27.68 million, a price-to-earnings ratio of 20.96 and a beta of 0.81. The stock’s 50-day simple moving average is $31.14 and its 200 day simple moving average is $31.16.

Hedge Funds Weigh In On iShares LifePath Target Date 2040 ETF

An institutional investor recently bought a new position 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) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,310 shares of the company’s stock, valued at approximately $40,000. Heck Capital Advisors LLC owned 0.47% of iShares LifePath Target Date 2040 ETF as of its most recent filing with the Securities and Exchange Commission.

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.