iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Reaches New 52-Week High – Still a Buy?

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $49.14 and last traded at $48.9890, with a volume of 14541 shares. The stock had previously closed at $49.10.

iShares Core 40/60 Moderate Allocation ETF Price Performance

The business’s 50-day simple moving average is $48.31 and its two-hundred day simple moving average is $47.73. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 19.75 and a beta of 0.52.

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

Several institutional investors and hedge funds have recently modified their holdings of AOM. Flagship Harbor Advisors LLC bought a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the 4th quarter worth about $28,000. Painted Porch Advisors LLC bought a new stake in iShares Core 40/60 Moderate Allocation ETF in the third quarter valued at about $51,000. Vermillion & White Wealth Management Group LLC increased its holdings in 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. Strategic Advocates LLC acquired a new stake in iShares Core 40/60 Moderate Allocation ETF during the third quarter valued at approximately $135,000. Finally, Root Financial Partners LLC acquired a new stake in iShares Core 40/60 Moderate Allocation ETF during the third quarter valued at approximately $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.