iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) Trading 0.3% Higher – Still a Buy?

iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) were up 0.3% during mid-day trading on Thursday . The stock traded as high as $38.38 and last traded at $38.38. Approximately 3,539 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 4,440 shares. The stock had previously closed at $38.27.

iShares LifePath Target Date 2055 ETF Stock Down 1.0%

The firm has a fifty day simple moving average of $37.53 and a 200-day simple moving average of $35.99. The company has a market cap of $29.64 million, a PE ratio of 20.29 and a beta of 0.87.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares LifePath Target Date 2055 ETF stock. Sunbelt Securities Inc. increased its stake in shares of iShares LifePath Target Date 2055 ETF (NYSEARCA:ITDG) by 1,710.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,086 shares of the company’s stock after buying an additional 1,026 shares during the quarter. Sunbelt Securities Inc. owned about 0.14% of iShares LifePath Target Date 2055 ETF worth $40,000 at the end of the most recent quarter.

iShares LifePath Target Date 2055 ETF Company Profile

The iShares LifePath Target Date 2055 ETF (ITDG) 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.