iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Hits New 1-Year High – What’s Next?

Shares of iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $49.59 and last traded at $49.58, with a volume of 31775 shares trading hands. The stock had previously closed at $49.43.

iShares Core 40/60 Moderate Allocation ETF Trading Up 0.2%

The company has a market cap of $1.74 billion, a price-to-earnings ratio of 19.75 and a beta of 0.51. The firm’s fifty day moving average price is $48.19 and its 200-day moving average price is $48.19.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 5.2% in the 1st quarter. Venturi Wealth Management LLC now owns 5,039 shares of the company’s stock valued at $239,000 after buying an additional 251 shares during the period. CoreCap Advisors LLC grew its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 6.8% in the 4th quarter. CoreCap Advisors LLC now owns 4,314 shares of the company’s stock valued at $206,000 after buying an additional 274 shares during the period. Legacy Financial Group LLC lifted its position in iShares Core 40/60 Moderate Allocation ETF by 3.0% in the 4th quarter. Legacy Financial Group LLC now owns 16,692 shares of the company’s stock valued at $808,000 after acquiring an additional 480 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in iShares Core 40/60 Moderate Allocation ETF in the 4th quarter valued at $28,000. Finally, American Trust lifted its position in iShares Core 40/60 Moderate Allocation ETF by 0.6% in the 3rd quarter. American Trust now owns 98,698 shares of the company’s stock valued at $4,696,000 after acquiring an additional 613 shares in the last quarter.

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.