iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Reaches New 1-Year High – Time to Buy?

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) reached a new 52-week high during trading on Wednesday . The company traded as high as $41.42 and last traded at $41.40, with a volume of 599249 shares trading hands. The stock had previously closed at $41.16.

iShares Core 30/70 Conservative Allocation ETF Stock Up 0.6%

The company has a 50 day moving average of $40.58 and a 200-day moving average of $40.58. The stock has a market capitalization of $763.83 million, a P/E ratio of 19.61 and a beta of 0.45.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AOK. Kohmann Bosshard Financial Services LLC bought a new position in iShares Core 30/70 Conservative Allocation ETF in the 4th quarter worth about $30,000. Root Financial Partners LLC acquired a new position in shares of iShares Core 30/70 Conservative Allocation ETF in the 3rd quarter worth approximately $33,000. Sunbelt Securities Inc. grew its stake in shares of iShares Core 30/70 Conservative Allocation ETF by 127.9% in the 1st quarter. Sunbelt Securities Inc. now owns 816 shares of the company’s stock worth $33,000 after purchasing an additional 458 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of iShares Core 30/70 Conservative Allocation ETF in the 4th quarter worth approximately $97,000. Finally, Farther Finance Advisors LLC grew its stake in shares of iShares Core 30/70 Conservative Allocation ETF by 175.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,765 shares of the company’s stock worth $111,000 after purchasing an additional 1,760 shares during the last quarter.

About iShares Core 30/70 Conservative Allocation ETF

iShares Conservative Allocation ETF, formerly iShares S&P Conservative 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 Conservative Index (the Conservative Allocation Index). The Conservative Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a conservative risk profile. The Fund is designed for investors seeking current income and capital preservation.