iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Stock Cross Below 200-Day Moving Average – Here’s What Happened

Shares of iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $68.04 and traded as low as $67.67. iShares Core 60/40 Balanced Allocation ETF shares last traded at $67.93, with a volume of 783,781 shares.

iShares Core 60/40 Balanced Allocation ETF Stock Down 0.2%

The company has a market cap of $3.93 billion, a P/E ratio of 19.83 and a beta of 0.66. The business has a 50-day moving average price of $68.69 and a two-hundred day moving average price of $68.04.

Institutional Trading of iShares Core 60/40 Balanced Allocation ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Congress Asset Management Co. bought a new position in shares of iShares Core 60/40 Balanced Allocation ETF in the 3rd quarter valued at about $2,848,000. Worth Asset Management LLC grew its position in shares of iShares Core 60/40 Balanced Allocation ETF by 7.6% during the 2nd quarter. Worth Asset Management LLC now owns 742,669 shares of the company’s stock worth $51,615,000 after buying an additional 52,693 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of iShares Core 60/40 Balanced Allocation ETF during the 3rd quarter worth approximately $1,334,000. WestEnd Advisors LLC acquired a new stake in shares of iShares Core 60/40 Balanced Allocation ETF during the 3rd quarter worth approximately $23,220,000. Finally, Nvwm LLC acquired a new stake in shares of iShares Core 60/40 Balanced Allocation ETF during the 3rd quarter worth approximately $620,000.

About iShares Core 60/40 Balanced Allocation ETF

iShares Growth Allocation ETF, formerly iShares S&P Growth Allocation Fund (the Fund), is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Target Risk Growth Index (the Growth Allocation Index). The Growth Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a growth-focused risk profile. The Fund is designed for investors seeking moderate capital appreciation and opportunity for current income and capital preservation.