iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sees Strong Trading Volume – Should You Buy?

Shares of iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) saw unusually-strong trading volume on Monday. 426,539 shares traded hands during mid-day trading, an increase of 91% from the average daily volume of 223,635 shares. The stock last traded at $48.94 and had previously closed at $48.74.

iShares Core 40/60 Moderate Allocation ETF Price Performance

The company has a market cap of $1.88 billion, a price-to-earnings ratio of 19.75 and a beta of 0.52. The business has a 50 day simple moving average of $49.15 and a 200 day simple moving average of $48.95.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. WestEnd Advisors LLC acquired a new position in iShares Core 40/60 Moderate Allocation ETF during the 3rd quarter worth $600,000. Root Financial Partners LLC acquired a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the 3rd quarter valued at $143,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares Core 40/60 Moderate Allocation ETF during the third quarter worth $207,000. Compass Financial Management LLC bought a new stake in shares of iShares Core 40/60 Moderate Allocation ETF during the second quarter worth $288,000. Finally, Comprehensive Financial Planning Inc. PA lifted its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 48.8% during the second quarter. Comprehensive Financial Planning Inc. PA now owns 1,795 shares of the company’s stock valued at $90,000 after acquiring an additional 589 shares during the period.

iShares Core 40/60 Moderate Allocation ETF Company Profile

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.