iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) Shares Up 1.2% – Time to Buy?

iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF)’s stock price shot up 1.2% during mid-day trading on Monday . The stock traded as high as $31.80 and last traded at $31.80. 8,330 shares changed hands during trading, an increase of 77% from the average session volume of 4,699 shares. The stock had previously closed at $31.41.

iShares LifePath Target Date 2050 ETF Trading Down 1.0 %

The company has a market capitalization of $22.69 million, a price-to-earnings ratio of 20.58 and a beta of 0.94. The firm has a 50-day simple moving average of $32.02 and a two-hundred day simple moving average of $31.98.

Institutional Trading of iShares LifePath Target Date 2050 ETF

A hedge fund recently bought a new stake in iShares LifePath Target Date 2050 ETF stock. Root Financial Partners LLC acquired a new stake in iShares LifePath Target Date 2050 ETF (NYSEARCA:ITDF) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 21,606 shares of the company’s stock, valued at approximately $676,000. Root Financial Partners LLC owned about 6.75% of iShares LifePath Target Date 2050 ETF as of its most recent filing with the SEC.

About iShares LifePath Target Date 2050 ETF

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.