iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Hits New 52-Week High – Time to Buy?

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $50.12 and last traded at $50.12, with a volume of 27798 shares traded. The stock had previously closed at $49.90.

iShares Core 40/60 Moderate Allocation ETF Stock Up 0.2%

The business has a 50-day moving average price of $49.45 and a 200-day moving average price of $48.88. The firm has a market capitalization of $1.78 billion, a P/E ratio of 19.75 and a beta of 0.51.

Institutional Investors Weigh In On iShares Core 40/60 Moderate Allocation ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Flagship Harbor Advisors LLC bought a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the 4th quarter worth about $28,000. Ascentis Independent Advisors bought a new stake in iShares Core 40/60 Moderate Allocation ETF in the first quarter valued at about $53,000. Vermillion & White Wealth Management Group LLC increased its stake in iShares Core 40/60 Moderate Allocation ETF by 4,656.7% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,427 shares of the company’s stock valued at $68,000 after acquiring an additional 1,397 shares during the period. Parallel Advisors LLC raised its position in iShares Core 40/60 Moderate Allocation ETF by 128.7% in the fourth quarter. Parallel Advisors LLC now owns 3,554 shares of the company’s stock worth $170,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in iShares Core 40/60 Moderate Allocation ETF by 161.2% in the fourth quarter. Farther Finance Advisors LLC now owns 3,594 shares of the company’s stock worth $172,000 after purchasing an additional 2,218 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.