iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) saw an uptick in trading volume on Monday . 249,756 shares changed hands during trading, an increase of 82% from the previous session’s volume of 137,605 shares.The stock last traded at $40.3950 and had previously closed at $40.41.

iShares Core 30/70 Conservative Allocation ETF Stock Performance

The stock has a market capitalization of $688.73 million, a price-to-earnings ratio of 19.61 and a beta of 0.45. The stock has a fifty day simple moving average of $40.41 and a two-hundred day simple moving average of $39.75.

Institutional Investors Weigh In On iShares Core 30/70 Conservative Allocation ETF

Several hedge funds and other institutional investors have recently made changes to their positions in AOK. TD Private Client Wealth LLC bought a new stake in iShares Core 30/70 Conservative Allocation ETF during the 2nd quarter worth approximately $29,000. Transcendent Capital Group LLC purchased a new stake in iShares Core 30/70 Conservative Allocation ETF during the second quarter worth about $230,000. Waterloo Capital L.P. raised its position in iShares Core 30/70 Conservative Allocation ETF by 17.8% in the second quarter. Waterloo Capital L.P. now owns 10,664 shares of the company’s stock worth $417,000 after acquiring an additional 1,610 shares during the period. Golden State Wealth Management LLC purchased a new position in iShares Core 30/70 Conservative Allocation ETF in the second quarter valued at about $103,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in iShares Core 30/70 Conservative Allocation ETF by 5.5% in the second quarter. Creative Financial Designs Inc. ADV now owns 9,084 shares of the company’s stock valued at $355,000 after acquiring an additional 475 shares during the last quarter.

About iShares Core 30/70 Conservative Allocation ETF

iShares Conservative Allocation ETF, formerly iShares S&P Conservative Allocation Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Target Risk Conservative Index (the Conservative Allocation Index). The Conservative Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a conservative risk profile. The Fund is designed for investors seeking current income and capital preservation.