iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sees Strong Trading Volume – What’s Next?

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) saw an uptick in trading volume on Monday. 426,539 shares were traded during mid-day trading, an increase of 91% from the average daily volume of 223,635 shares. The stock last traded at $48.94 and had previously closed at $48.74.

iShares Core 40/60 Moderate Allocation ETF Stock Up 1.0%

The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 19.75 and a beta of 0.52. The stock has a fifty day moving average price of $49.10 and a 200-day moving average price of $48.95.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Weitzel Financial Services Inc. increased its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 12.1% in the 2nd quarter. Weitzel Financial Services Inc. now owns 350,979 shares of the company’s stock valued at $17,991,000 after purchasing an additional 37,901 shares in the last quarter. WestEnd Advisors LLC acquired a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the third quarter valued at about $600,000. Compass Financial Management LLC purchased a new stake in iShares Core 40/60 Moderate Allocation ETF during the second quarter worth about $288,000. United Community Bank boosted its holdings in iShares Core 40/60 Moderate Allocation ETF by 285.0% during the second quarter. United Community Bank now owns 1,925 shares of the company’s stock worth $96,000 after buying an additional 1,425 shares in the last quarter. Finally, Continuum Advisory LLC purchased a new stake in iShares Core 40/60 Moderate Allocation ETF during the second quarter worth about $398,000.

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.