iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sees Unusually-High Trading Volume – Here’s What Happened

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) shares saw an uptick in trading volume on Monday. 426,539 shares were traded during mid-day trading, an increase of 91% from the average daily volume of 223,635 shares. The stock last traded at $48.94 and had previously closed at $48.74.

iShares Core 40/60 Moderate Allocation ETF Stock Performance

The company has a 50-day moving average of $49.15 and a 200 day moving average of $48.95. The firm has a market cap of $1.88 billion, a P/E ratio of 19.75 and a beta of 0.52.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Leo H. Evart Inc. bought a new position in iShares Core 40/60 Moderate Allocation ETF during the 2nd quarter valued at about $35,000. Tsfg LLC bought a new stake in iShares Core 40/60 Moderate Allocation ETF during the second quarter worth about $53,000. Ascentis Independent Advisors bought a new stake in iShares Core 40/60 Moderate Allocation ETF during the first quarter worth about $53,000. Comprehensive Financial Planning Inc. PA grew its stake in iShares Core 40/60 Moderate Allocation ETF by 48.8% during the second quarter. Comprehensive Financial Planning Inc. PA now owns 1,795 shares of the company’s stock worth $90,000 after buying an additional 589 shares during the last quarter. Finally, United Community Bank increased its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 285.0% during the second quarter. United Community Bank now owns 1,925 shares of the company’s stock worth $96,000 after buying an additional 1,425 shares in the last quarter.

iShares Core 40/60 Moderate Allocation ETF Company Profile

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.