iShares Core Conservative Allocation ETF (NYSEARCA:AOK) Sees Unusually-High Trading Volume – Still a Buy?

iShares Core Conservative Allocation ETF (NYSEARCA:AOK) saw an uptick in trading volume on Monday . 294,509 shares were traded during mid-day trading, an increase of 248% from the previous session’s volume of 84,683 shares.The stock last traded at $37.43 and had previously closed at $37.33.

iShares Core Conservative Allocation ETF Stock Performance

The stock has a market capitalization of $608.87 million, a P/E ratio of 16.35 and a beta of 0.40. The firm has a 50-day moving average price of $37.85 and a 200 day moving average price of $37.82.

Institutional Trading of iShares Core Conservative Allocation ETF

Several large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new position in shares of iShares Core Conservative Allocation ETF during the third quarter valued at approximately $409,000. Creative Financial Designs Inc. ADV boosted its stake in iShares Core Conservative Allocation ETF by 29.8% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 8,404 shares of the company’s stock worth $325,000 after purchasing an additional 1,931 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in iShares Core Conservative Allocation ETF by 97,100.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 972 shares of the company’s stock valued at $38,000 after purchasing an additional 971 shares during the last quarter.

iShares Core Conservative Allocation ETF Company Profile

iShares Conservative Allocation ETF, formerly iShares S&P Conservative 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 Conservative Index (the Conservative Allocation Index). The Conservative Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a conservative risk profile.