iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Sees Large Volume Increase – Should You Buy?

Shares of iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) saw unusually-strong trading volume on Friday . Approximately 552,251 shares traded hands during mid-day trading, an increase of 144% from the previous session’s volume of 226,471 shares.The stock last traded at $58.23 and had previously closed at $57.97.

iShares Core 60/40 Balanced Allocation ETF Price Performance

The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 19.26 and a beta of 0.63. The firm has a 50-day moving average price of $56.99 and a two-hundred day moving average price of $57.91.

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

Hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its position in iShares Core 60/40 Balanced Allocation ETF by 340.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 165,474 shares of the company’s stock valued at $9,485,000 after purchasing an additional 127,907 shares during the last quarter. Beacon Financial Advisory LLC boosted its holdings in shares of iShares Core 60/40 Balanced Allocation ETF by 2.8% in the 4th quarter. Beacon Financial Advisory LLC now owns 9,511 shares of the company’s stock valued at $545,000 after buying an additional 256 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of iShares Core 60/40 Balanced Allocation ETF in the fourth quarter valued at $468,000. Steward Partners Investment Advisory LLC increased its holdings in iShares Core 60/40 Balanced Allocation ETF by 22.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,064 shares of the company’s stock worth $290,000 after buying an additional 931 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in iShares Core 60/40 Balanced Allocation ETF during the fourth quarter worth $936,000.

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.