iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) Trading Down 0.8% – Here’s What Happened

iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF)’s stock price traded down 0.8% on Friday . The company traded as low as $37.45 and last traded at $37.58. 19,175 shares traded hands during mid-day trading, an increase of 145% from the average session volume of 7,813 shares. The stock had previously closed at $37.90.

iShares LifePath Target Date 2050 ETF Trading Down 0.8%

The company has a market capitalization of $42.84 million, a PE ratio of 20.56 and a beta of 0.85. The business’s 50-day simple moving average is $37.14 and its two-hundred day simple moving average is $35.66.

Hedge Funds Weigh In On iShares LifePath Target Date 2050 ETF

A hedge fund recently raised its stake in iShares LifePath Target Date 2050 ETF stock. Citadel Advisors LLC boosted its stake in iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) by 78.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,107 shares of the company’s stock after acquiring an additional 6,208 shares during the period. Citadel Advisors LLC owned 1.24% of iShares LifePath Target Date 2050 ETF worth $518,000 at the end of the most recent reporting period.

iShares LifePath Target Date 2050 ETF Company Profile

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.