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

Shares of iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) hit a new 52-week high during trading on Monday . The company traded as high as $66.44 and last traded at $66.4340, with a volume of 50563 shares trading hands. The stock had previously closed at $66.19.

iShares Core 60/40 Balanced Allocation ETF Price Performance

The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 19.83 and a beta of 0.65. The company has a 50-day simple moving average of $65.34 and a two-hundred day simple moving average of $64.09.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in iShares Core 60/40 Balanced Allocation ETF by 5.8% during the second quarter. JPMorgan Chase & Co. now owns 717,742 shares of the company’s stock worth $44,191,000 after purchasing an additional 39,188 shares in the last quarter. Worth Asset Management LLC raised its stake 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 worth $43,602,000 after buying an additional 32,939 shares in the last quarter. Integrated Investment Consultants LLC raised its stake 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 worth $24,780,000 after buying an additional 17,304 shares in the last quarter. NBT Bank N A NY lifted its holdings in shares of iShares Core 60/40 Balanced Allocation ETF by 2.0% in the second quarter. NBT Bank N A NY now owns 98,865 shares of the company’s stock valued at $6,087,000 after buying an additional 1,948 shares during the period. Finally, Lbmc Investment Advisors LLC boosted its stake in iShares Core 60/40 Balanced Allocation ETF by 0.8% during the third quarter. Lbmc Investment Advisors LLC now owns 74,707 shares of the company’s stock valued at $4,810,000 after buying an additional 604 shares in the last quarter.

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.