iShares Core Aggressive Allocation ETF (NYSEARCA:AOA) Sees Large Volume Increase – Time to Buy?

Shares of iShares Core Aggressive Allocation ETF (NYSEARCA:AOA) saw unusually-strong trading volume on Monday . Approximately 192,745 shares changed hands during mid-day trading, an increase of 29% from the previous session’s volume of 149,928 shares.The stock last traded at $75.35 and had previously closed at $75.73.

iShares Core Aggressive Allocation ETF Stock Performance

The stock’s 50 day moving average price is $78.08 and its 200-day moving average price is $77.11. The company has a market cap of $1.98 billion, a PE ratio of 17.85 and a beta of 0.78.

Institutional Investors Weigh In On iShares Core Aggressive Allocation ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Advocates LLC increased its stake in shares of iShares Core Aggressive Allocation ETF by 6.5% in the third quarter. Strategic Advocates LLC now owns 25,475 shares of the company’s stock worth $2,010,000 after buying an additional 1,556 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of iShares Core Aggressive Allocation ETF in the third quarter valued at about $28,000. RFP Financial Group LLC raised its stake in shares of iShares Core Aggressive Allocation ETF by 9.7% during the third quarter. RFP Financial Group LLC now owns 5,716 shares of the company’s stock valued at $451,000 after acquiring an additional 506 shares during the last quarter. Eastern Bank purchased a new stake in shares of iShares Core Aggressive Allocation ETF during the third quarter worth about $34,000. Finally, Arbor Investment Advisors LLC grew its stake in shares of iShares Core Aggressive Allocation ETF by 13.4% in the third quarter. Arbor Investment Advisors LLC now owns 5,080 shares of the company’s stock worth $401,000 after purchasing an additional 600 shares during the last quarter.

About iShares Core Aggressive Allocation ETF

iShares Aggressive Allocation ETF (the Fund), formerly iShares S&P Aggressive Allocation Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Target Risk Aggressive Index (the Aggressive Allocation Index). The Aggressive Allocation Index seeks to measure the performance of an asset allocation strategy targeted to an aggressive risk profile.