iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sets New 1-Year High – Here’s What Happened

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM)’s share price hit a new 52-week high on Thursday . The stock traded as high as $48.50 and last traded at $48.38, with a volume of 16138 shares. The stock had previously closed at $48.33.

iShares Core 40/60 Moderate Allocation ETF Stock Up 0.2%

The stock has a fifty day simple moving average of $47.93 and a 200 day simple moving average of $47.20. The firm has a market capitalization of $1.73 billion, a P/E ratio of 19.75 and a beta of 0.52.

Institutional Trading of iShares Core 40/60 Moderate Allocation ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. WestEnd Advisors LLC boosted its stake in iShares Core 40/60 Moderate Allocation ETF by 1,007.0% in the 2nd quarter. WestEnd Advisors LLC now owns 631 shares of the company’s stock worth $29,000 after purchasing an additional 574 shares during the period. Painted Porch Advisors LLC bought a new stake in shares of iShares Core 40/60 Moderate Allocation ETF during the third quarter valued at approximately $51,000. Farther Finance Advisors LLC lifted its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 85.2% in the second quarter. Farther Finance Advisors LLC now owns 1,937 shares of the company’s stock worth $89,000 after buying an additional 891 shares in the last quarter. Strategic Advocates LLC bought a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the third quarter worth $135,000. Finally, Root Financial Partners LLC bought a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the third quarter worth $139,000.

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.