iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK – Get Free Report) fell 0.2% during mid-day trading on Wednesday. The stock traded as low as $40.19 and last traded at $40.40. Approximately 285,100 shares changed hands during mid-day trading, an increase of 52% from the average session volume of 188,030 shares. The stock had previously closed at $40.48.
iShares Core 30/70 Conservative Allocation ETF Stock Down 0.2%
The business has a 50-day moving average price of $41.02 and a 200-day moving average price of $40.96. The firm has a market capitalization of $826.18 million, a price-to-earnings ratio of 19.61 and a beta of 0.45.
Institutional Investors Weigh In On iShares Core 30/70 Conservative Allocation ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AOK. Strategic Investment Solutions Inc. IL purchased a new stake in shares of iShares Core 30/70 Conservative Allocation ETF during the fourth quarter worth about $15,600,000. Compass Financial Management LLC purchased a new position in shares of iShares Core 30/70 Conservative Allocation ETF in the 2nd quarter valued at approximately $214,000. Finally, Sunbelt Securities Inc. raised its position in shares of iShares Core 30/70 Conservative Allocation ETF by 127.9% in the 1st quarter. Sunbelt Securities Inc. now owns 816 shares of the company’s stock valued at $33,000 after purchasing an additional 458 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. The Fund is designed for investors seeking current income and capital preservation.
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