iShares LifePath Retirement ETF (NYSEARCA:IRTR) Trading Up 0.1% – Should You Buy?

iShares LifePath Retirement ETF (NYSEARCA:IRTR) shot up 0.1% on Friday . The stock traded as high as $32.16 and last traded at $32.02. 17,976 shares changed hands during mid-day trading, an increase of 12% from the average daily volume of 16,026 shares. The stock had previously closed at $31.99.

iShares LifePath Retirement ETF Stock Performance

The business has a 50 day moving average of $31.92 and a 200-day moving average of $31.57. The company has a market capitalization of $58.92 million, a P/E ratio of 21.46 and a beta of 0.45.

Institutional Investors Weigh In On iShares LifePath Retirement ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its holdings in shares of iShares LifePath Retirement ETF by 69.2% in the second quarter. Geneos Wealth Management Inc. now owns 4,400 shares of the company’s stock worth $131,000 after buying an additional 1,800 shares in the last quarter. Jane Street Group LLC boosted its position in shares of iShares LifePath Retirement ETF by 20.7% in the fourth quarter. Jane Street Group LLC now owns 17,351 shares of the company’s stock valued at $535,000 after acquiring an additional 2,978 shares during the period. Finally, Sunbelt Securities Inc. grew its stake in iShares LifePath Retirement ETF by 112.9% during the third quarter. Sunbelt Securities Inc. now owns 7,099 shares of the company’s stock valued at $218,000 after acquiring an additional 3,765 shares in the last quarter.

About iShares LifePath Retirement ETF

The iShares LifePath Retirement ETF (IRTR) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a fund-of-funds that seeks to provide retirement outcomes through an actively managed portfolio of equity, fixed income, and money market ETFs. IRTR was launched on Oct 17, 2023 and is issued by BlackRock.