iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Hits New 1-Year High – Here’s Why

iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) reached a new 52-week high during trading on Thursday . The company traded as high as $68.86 and last traded at $68.82, with a volume of 308966 shares traded. The stock had previously closed at $67.93.

iShares Core 60/40 Balanced Allocation ETF Trading Up 0.7%

The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 19.83 and a beta of 0.65. The stock has a fifty day moving average of $65.97 and a 200-day moving average of $65.73.

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

Hedge funds have recently modified their holdings of the stock. Ameriflex Group Inc. grew its holdings in shares of iShares Core 60/40 Balanced Allocation ETF by 80.8% in the 3rd quarter. Ameriflex Group Inc. now owns 25,014 shares of the company’s stock worth $1,610,000 after acquiring an additional 11,178 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of iShares Core 60/40 Balanced Allocation ETF in the third quarter worth $765,000. Worth Asset Management LLC boosted its position in shares of iShares Core 60/40 Balanced Allocation ETF by 5.2% in the fourth quarter. Worth Asset Management LLC now owns 670,703 shares of the company’s stock worth $43,602,000 after buying an additional 32,939 shares during the period. Integrated Investment Consultants LLC boosted its position in shares of iShares Core 60/40 Balanced Allocation ETF by 4.7% in the third quarter. Integrated Investment Consultants LLC now owns 384,902 shares of the company’s stock worth $24,780,000 after buying an additional 17,304 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its position in shares of iShares Core 60/40 Balanced Allocation ETF by 117.3% in the third quarter. Kingswood Wealth Advisors LLC now owns 22,731 shares of the company’s stock worth $1,463,000 after buying an additional 12,271 shares during the period.

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.