iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sees Strong Trading Volume – Should You Buy?

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) shares saw unusually-high trading volume on Thursday . Approximately 273,176 shares were traded during trading, an increase of 73% from the previous session’s volume of 158,190 shares.The stock last traded at $49.74 and had previously closed at $49.68.

iShares Core 40/60 Moderate Allocation ETF Price Performance

The company has a market cap of $1.75 billion, a price-to-earnings ratio of 19.75 and a beta of 0.51. The company’s 50-day simple moving average is $48.43 and its 200-day simple moving average is $48.28.

Hedge Funds Weigh In On iShares Core 40/60 Moderate Allocation ETF

A number of institutional investors have recently added to or reduced their stakes in AOM. Godshalk Welsh Capital Management Inc. boosted its position in iShares Core 40/60 Moderate Allocation ETF by 24.9% in the 1st quarter. Godshalk Welsh Capital Management Inc. now owns 27,224 shares of the company’s stock valued at $1,290,000 after buying an additional 5,425 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 71.9% during the first quarter. Cornerstone Planning Group LLC now owns 6,645 shares of the company’s stock valued at $326,000 after acquiring an additional 2,779 shares in the last quarter. Weitzel Financial Services Inc. grew its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 3.9% during the first quarter. Weitzel Financial Services Inc. now owns 313,078 shares of the company’s stock valued at $14,846,000 after acquiring an additional 11,814 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of iShares Core 40/60 Moderate Allocation ETF during the first quarter valued at about $53,000. Finally, Venturi Wealth Management LLC grew its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 5.2% during the first quarter. Venturi Wealth Management LLC now owns 5,039 shares of the company’s stock valued at $239,000 after acquiring an additional 251 shares in the last quarter.

About iShares Core 40/60 Moderate Allocation ETF

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.