iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sees Large Volume Increase – Still a Buy?

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) shares saw unusually-strong trading volume on Thursday . Approximately 602,576 shares changed hands during mid-day trading, an increase of 278% from the previous session’s volume of 159,463 shares.The stock last traded at $47.73 and had previously closed at $48.11.

iShares Core 40/60 Moderate Allocation ETF Stock Performance

The firm’s 50 day simple moving average is $48.49 and its 200 day simple moving average is $47.92. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 19.75 and a beta of 0.52.

Institutional Investors Weigh In On iShares Core 40/60 Moderate Allocation ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC raised its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 4,656.7% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,427 shares of the company’s stock valued at $68,000 after buying an additional 1,397 shares during the last quarter. NewEdge Advisors LLC grew its holdings in iShares Core 40/60 Moderate Allocation ETF by 11.0% during the fourth quarter. NewEdge Advisors LLC now owns 24,243 shares of the company’s stock worth $1,157,000 after acquiring an additional 2,407 shares during the period. Advisory Services Network LLC raised its position in iShares Core 40/60 Moderate Allocation ETF by 76.2% during the fourth quarter. Advisory Services Network LLC now owns 13,690 shares of the company’s stock valued at $653,000 after acquiring an additional 5,919 shares in the last quarter. Godshalk Welsh Capital Management Inc. lifted its holdings in iShares Core 40/60 Moderate Allocation ETF by 22.3% in the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 21,799 shares of the company’s stock valued at $1,040,000 after acquiring an additional 3,972 shares during the period. Finally, Mosley Wealth Management purchased a new stake in iShares Core 40/60 Moderate Allocation ETF in the 4th quarter worth approximately $510,000.

iShares Core 40/60 Moderate Allocation ETF Company Profile

iShares Moderate Allocation ETF, formerly iShares S&P Moderate 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 Moderate Index (the Moderate Allocation Index). The Moderate Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a moderate risk profile. The Fund is designed for investors seeking current income, some capital preservation and an opportunity for moderate to low capital appreciation.