iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) Trading 0.2% Higher – Here’s What Happened

iShares LifePath Target Date 2045 ETF (NYSEARCA:ITDE) shot up 0.2% during mid-day trading on Friday . The stock traded as high as $40.15 and last traded at $40.13. Approximately 5,151 shares changed hands during trading, a decline of 62% from the average session volume of 13,407 shares. The stock had previously closed at $40.04.

iShares LifePath Target Date 2045 ETF Stock Performance

The firm has a 50 day simple moving average of $39.64 and a two-hundred day simple moving average of $37.95. The stock has a market cap of $86.68 million, a P/E ratio of 20.03 and a beta of 0.80.

Hedge Funds Weigh In On iShares LifePath Target Date 2045 ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP increased its stake in iShares LifePath Target Date 2045 ETF by 38.4% during the 3rd quarter. Susquehanna International Group LLP now owns 9,001 shares of the company’s stock valued at $323,000 after buying an additional 2,496 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of iShares LifePath Target Date 2045 ETF by 2,054.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,607 shares of the company’s stock worth $94,000 after acquiring an additional 2,486 shares during the period. Capital Advisors Ltd. LLC bought a new position in shares of iShares LifePath Target Date 2045 ETF in the fourth quarter valued at approximately $53,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of iShares LifePath Target Date 2045 ETF during the first quarter valued at approximately $34,000.

About iShares LifePath Target Date 2045 ETF

The iShares LifePath Target Date 2045 ETF USD (ITDE) 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 2045 ITDE was launched on Oct 17, 2023 and is issued by BlackRock.