iShares Core 80/20 Aggressive Allocation ETF (NYSEARCA:AOA) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares Core 80/20 Aggressive Allocation ETF (NYSEARCA:AOA) saw strong trading volume on Tuesday . Approximately 90,087 shares changed hands during mid-day trading, a decline of 31% from the previous session’s volume of 130,133 shares.The stock last traded at $96.29 and had previously closed at $95.89.

iShares Core 80/20 Aggressive Allocation ETF Stock Performance

The firm has a market cap of $3.19 billion, a PE ratio of 20.50 and a beta of 0.78. The stock has a 50-day simple moving average of $97.06 and a two-hundred day simple moving average of $93.56.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Rossby Financial LCC increased its position in iShares Core 80/20 Aggressive Allocation ETF by 3,176.9% during the fourth quarter. Rossby Financial LCC now owns 426 shares of the company’s stock valued at $38,000 after acquiring an additional 413 shares during the last quarter. Elyxium Wealth LLC bought a new stake in shares of iShares Core 80/20 Aggressive Allocation ETF during the 4th quarter valued at about $38,000. Sound Income Strategies LLC purchased a new stake in shares of iShares Core 80/20 Aggressive Allocation ETF during the 4th quarter valued at about $85,000. NBT Bank N A NY increased its position in shares of iShares Core 80/20 Aggressive Allocation ETF by 1,294.4% during the 1st quarter. NBT Bank N A NY now owns 1,255 shares of the company’s stock valued at $111,000 after purchasing an additional 1,165 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its stake in shares of iShares Core 80/20 Aggressive Allocation ETF by 39.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 1,613 shares of the company’s stock worth $144,000 after purchasing an additional 453 shares during the period.

iShares Core 80/20 Aggressive Allocation ETF Company Profile

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. The Fund is designed for investors seeking long-term capital appreciation.