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

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) saw strong trading volume on Thursday . 273,176 shares traded hands during mid-day trading, an increase of 73% from the previous session’s volume of 158,190 shares.The stock last traded at $49.74 and had previously closed at $49.68.

iShares Core 40/60 Moderate Allocation ETF Price Performance

The firm has a market capitalization of $1.76 billion, a PE ratio of 19.75 and a beta of 0.51. The company’s fifty day simple moving average is $48.51 and its 200 day simple moving average is $48.31.

Institutional Trading of iShares Core 40/60 Moderate Allocation ETF

Institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC raised its holdings in iShares Core 40/60 Moderate Allocation ETF by 5.2% in the 1st quarter. Venturi Wealth Management LLC now owns 5,039 shares of the company’s stock worth $239,000 after acquiring an additional 251 shares during the last quarter. CoreCap Advisors LLC boosted its stake in iShares Core 40/60 Moderate Allocation ETF by 6.8% during the 4th quarter. CoreCap Advisors LLC now owns 4,314 shares of the company’s stock valued at $206,000 after purchasing an additional 274 shares during the last quarter. Legacy Financial Group LLC boosted its stake in iShares Core 40/60 Moderate Allocation ETF by 3.0% during the 4th quarter. Legacy Financial Group LLC now owns 16,692 shares of the company’s stock valued at $808,000 after purchasing an additional 480 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the 4th quarter worth $28,000. Finally, American Trust increased its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 0.6% in the 3rd quarter. American Trust now owns 98,698 shares of the company’s stock worth $4,696,000 after purchasing an additional 613 shares in the last quarter.

About iShares Core 40/60 Moderate Allocation ETF

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.