iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sees Large Volume Increase – Here’s What Happened

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) shares saw an uptick in trading volume on Monday . Approximately 390,841 shares changed hands during trading, an increase of 143% from the previous session’s volume of 160,755 shares.The stock last traded at $49.09 and had previously closed at $49.12.

iShares Core 40/60 Moderate Allocation ETF Price Performance

The business’s 50 day simple moving average is $49.51 and its 200 day simple moving average is $48.72. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 19.75 and a beta of 0.51.

Institutional Trading of iShares Core 40/60 Moderate Allocation ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC purchased a new position in shares of iShares Core 40/60 Moderate Allocation ETF in the 4th quarter valued at approximately $28,000. Ascentis Independent Advisors acquired a new stake in shares of iShares Core 40/60 Moderate Allocation ETF during the first quarter worth $53,000. Vermillion & White Wealth Management Group LLC grew its position in iShares Core 40/60 Moderate Allocation ETF by 4,656.7% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,427 shares of the company’s stock valued at $68,000 after buying an additional 1,397 shares during the last quarter. Parallel Advisors LLC grew its position in iShares Core 40/60 Moderate Allocation ETF by 128.7% in the 4th quarter. Parallel Advisors LLC now owns 3,554 shares of the company’s stock valued at $170,000 after buying an additional 2,000 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in iShares Core 40/60 Moderate Allocation ETF by 161.2% in the 4th quarter. Farther Finance Advisors LLC now owns 3,594 shares of the company’s stock valued at $172,000 after buying an additional 2,218 shares during the period.

About iShares Core 40/60 Moderate Allocation ETF

iShares Moderate Allocation ETF, formerly iShares S&P Moderate 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 Moderate Index (the Moderate Allocation Index). The Moderate Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a moderate risk profile. The Fund is designed for investors seeking current income, some capital preservation and an opportunity for moderate to low capital appreciation.