iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Sees Strong Trading Volume – Time to Buy?

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) saw strong trading volume on Wednesday . 463,191 shares changed hands during trading, an increase of 247% from the previous session’s volume of 133,593 shares.The stock last traded at $40.4650 and had previously closed at $40.42.

iShares Core 30/70 Conservative Allocation ETF Stock Performance

The stock has a market capitalization of $690.01 million, a P/E ratio of 19.61 and a beta of 0.45. The stock’s fifty day moving average price is $40.34 and its two-hundred day moving average price is $39.48.

Institutional Trading of iShares Core 30/70 Conservative Allocation ETF

Institutional investors have recently added to or reduced their stakes in the business. IMA Advisory Services Inc. increased its holdings in shares of iShares Core 30/70 Conservative Allocation ETF by 4.2% in the second quarter. IMA Advisory Services Inc. now owns 7,212 shares of the company’s stock worth $267,000 after buying an additional 291 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in iShares Core 30/70 Conservative Allocation ETF by 5.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 9,084 shares of the company’s stock valued at $355,000 after acquiring an additional 475 shares during the period. TD Private Client Wealth LLC bought a new position in iShares Core 30/70 Conservative Allocation ETF during the 2nd quarter worth approximately $29,000. Root Financial Partners LLC purchased a new position in iShares Core 30/70 Conservative Allocation ETF in the 3rd quarter worth approximately $33,000. Finally, NewEdge Advisors LLC lifted its position in iShares Core 30/70 Conservative Allocation ETF by 59.9% in the third quarter. NewEdge Advisors LLC now owns 3,270 shares of the company’s stock valued at $131,000 after purchasing an additional 1,225 shares during the last quarter.

About iShares Core 30/70 Conservative Allocation ETF

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.