iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Hits New 52-Week High – Still a Buy?

Shares of iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) hit a new 52-week high on Thursday . The stock traded as high as $69.04 and last traded at $69.04, with a volume of 87641 shares trading hands. The stock had previously closed at $68.78.

iShares Core 60/40 Balanced Allocation ETF Trading Down 1.2%

The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 19.83 and a beta of 0.65. The stock has a 50-day moving average of $66.17 and a two-hundred day moving average of $65.89.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriflex Group Inc. boosted its position 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 valued at $1,610,000 after purchasing an additional 11,178 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of iShares Core 60/40 Balanced Allocation ETF in the 3rd quarter valued at $765,000. Worth Asset Management LLC boosted its position in shares of iShares Core 60/40 Balanced Allocation ETF by 5.2% in the 4th quarter. Worth Asset Management LLC now owns 670,703 shares of the company’s stock valued at $43,602,000 after purchasing 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 3rd quarter. Integrated Investment Consultants LLC now owns 384,902 shares of the company’s stock valued at $24,780,000 after purchasing an additional 17,304 shares during the period. Finally, WestEnd Advisors LLC boosted its position in shares of iShares Core 60/40 Balanced Allocation ETF by 184.4% in the 4th quarter. WestEnd Advisors LLC now owns 49,946 shares of the company’s stock valued at $3,247,000 after purchasing an additional 32,386 shares during the period.

About iShares Core 60/40 Balanced Allocation ETF

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.