iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) Stock Price Down 0.5% – Here’s Why

iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD)’s stock price were down 0.5% during mid-day trading on Friday . The stock traded as low as $31.20 and last traded at $31.25. Approximately 26,890 shares changed hands during mid-day trading, an increase of 134% from the average daily volume of 11,479 shares. The stock had previously closed at $31.42.

iShares LifePath Target Date 2040 ETF Stock Down 0.5 %

The company has a 50 day moving average price of $31.15 and a 200-day moving average price of $30.87.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares LifePath Target Date 2040 ETF stock. Jmac Enterprises LLC bought a new stake in shares of iShares LifePath Target Date 2040 ETF (NYSEARCA:ITDD) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,033 shares of the company’s stock, valued at approximately $427,000. Jmac Enterprises LLC owned approximately 5.01% of iShares LifePath Target Date 2040 ETF as of its most recent SEC filing.

iShares LifePath Target Date 2040 ETF Company Profile

The iShares LifePath Target Date 2040 ETF (ITDD) 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.