iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sets New 52-Week High – Here’s Why

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM)’s stock price reached a new 52-week high on Monday . The company traded as high as $50.06 and last traded at $50.05, with a volume of 8334 shares. The stock had previously closed at $49.65.

iShares Core 40/60 Moderate Allocation ETF Stock Up 0.8%

The stock’s 50-day simple moving average is $49.00 and its two-hundred day simple moving average is $48.45. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 19.75 and a beta of 0.51.

Hedge Funds Weigh In On iShares Core 40/60 Moderate Allocation ETF

A number of large investors have recently added to or reduced their stakes in AOM. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the fourth quarter valued at about $28,000. Painted Porch Advisors LLC acquired a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the third quarter valued at about $51,000. Ascentis Independent Advisors acquired a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the first quarter valued at about $53,000. Vermillion & White Wealth Management Group LLC raised its position in shares of iShares Core 40/60 Moderate Allocation ETF by 4,656.7% in the fourth 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. Finally, Strategic Advocates LLC acquired a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the third quarter valued at about $135,000.

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.