iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Sets New 1-Year High – Time to Buy?

Shares of iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) hit a new 52-week high on Wednesday . The company traded as high as $70.32 and last traded at $70.13, with a volume of 20101 shares trading hands. The stock had previously closed at $69.90.

iShares Core 60/40 Balanced Allocation ETF Stock Performance

The company has a market cap of $3.72 billion, a price-to-earnings ratio of 19.83 and a beta of 0.64. The firm’s 50 day simple moving average is $68.99 and its 200-day simple moving average is $67.53.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Private Trust Co. NA purchased a new stake in iShares Core 60/40 Balanced Allocation ETF during the 4th quarter valued at about $27,000. Strategic Investment Solutions Inc. IL purchased a new position in iShares Core 60/40 Balanced Allocation ETF in the 4th quarter worth approximately $33,000. Arlington Trust Co LLC acquired a new position in shares of iShares Core 60/40 Balanced Allocation ETF during the 2nd quarter worth approximately $58,000. Flagship Harbor Advisors LLC acquired a new position in shares of iShares Core 60/40 Balanced Allocation ETF during the 4th quarter worth approximately $73,000. Finally, Mascoma Wealth Management LLC grew its position in shares of iShares Core 60/40 Balanced Allocation ETF by 23.4% in the fourth quarter. Mascoma Wealth Management LLC now owns 1,218 shares of the company’s stock valued at $79,000 after purchasing an additional 231 shares in the last quarter.

iShares Core 60/40 Balanced Allocation ETF Company Profile

iShares Growth Allocation ETF, formerly iShares S&P Growth Allocation Fund (the Fund), is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Target Risk Growth Index (the Growth Allocation Index). The Growth Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a growth-focused risk profile. The Fund is designed for investors seeking moderate capital appreciation and opportunity for current income and capital preservation.