iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Reaches New 1-Year High – Time to Buy?

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.42 and last traded at $41.40, with a volume of 599249 shares changing hands. The stock had previously closed at $41.16.

iShares Core 30/70 Conservative Allocation ETF Stock Up 0.6%

The company has a market cap of $763.83 million, a PE ratio of 19.61 and a beta of 0.45. The firm’s fifty day simple moving average is $40.58 and its 200-day simple moving average is $40.58.

Hedge Funds Weigh In On iShares Core 30/70 Conservative Allocation ETF

A number of institutional investors have recently modified their holdings of AOK. Jones Financial Companies Lllp increased its position in iShares Core 30/70 Conservative Allocation ETF by 3,663.4% during the first quarter. Jones Financial Companies Lllp now owns 24,161 shares of the company’s stock worth $909,000 after purchasing an additional 23,519 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of iShares Core 30/70 Conservative Allocation ETF in the third quarter worth $33,000. Transcendent Capital Group LLC increased its position in shares of iShares Core 30/70 Conservative Allocation ETF by 31.2% in the third quarter. Transcendent Capital Group LLC now owns 7,713 shares of the company’s stock worth $310,000 after acquiring an additional 1,836 shares in the last quarter. Waterloo Capital L.P. increased its position in shares of iShares Core 30/70 Conservative Allocation ETF by 31.2% in the third quarter. Waterloo Capital L.P. now owns 13,993 shares of the company’s stock worth $562,000 after acquiring an additional 3,329 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of iShares Core 30/70 Conservative Allocation ETF in the third quarter worth $204,000.

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.