iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Reaches New 1-Year High – Time to Buy?

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) reached a new 52-week high on Wednesday . The stock traded as high as $47.88 and last traded at $47.76, with a volume of 178360 shares trading hands. The stock had previously closed at $47.84.

iShares Core 40/60 Moderate Allocation ETF Stock Performance

The firm has a market cap of $1.62 billion, a PE ratio of 19.75 and a beta of 0.45. The firm has a fifty day simple moving average of $47.15 and a two-hundred day simple moving average of $45.57.

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

Institutional investors have recently added to or reduced their stakes in the company. WestEnd Advisors LLC grew its holdings in iShares Core 40/60 Moderate Allocation ETF by 1,007.0% during the 2nd quarter. WestEnd Advisors LLC now owns 631 shares of the company’s stock valued at $29,000 after buying an additional 574 shares in the last quarter. Elite Financial Inc. purchased a new position in iShares Core 40/60 Moderate Allocation ETF during the 1st quarter valued at approximately $52,000. Rossby Financial LCC purchased a new position in iShares Core 40/60 Moderate Allocation ETF during the 1st quarter valued at approximately $54,000. Farther Finance Advisors LLC boosted its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 85.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,937 shares of the company’s stock worth $89,000 after purchasing an additional 891 shares during the period. Finally, SouthState Corp purchased a new position in shares of iShares Core 40/60 Moderate Allocation ETF in the 1st quarter worth approximately $104,000.

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.