iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Hits New 12-Month High – Should You Buy?

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $41.63 and last traded at $41.57, with a volume of 10742 shares traded. The stock had previously closed at $41.32.

iShares Core 30/70 Conservative Allocation ETF Trading Up 0.7%

The company has a market cap of $767.34 million, a P/E ratio of 19.61 and a beta of 0.45. The firm’s fifty day moving average price is $40.97 and its 200-day moving average price is $40.67.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in AOK. Kohmann Bosshard Financial Services LLC bought a new stake in iShares Core 30/70 Conservative Allocation ETF in the fourth quarter valued at about $30,000. Sunbelt Securities Inc. boosted its holdings in shares of iShares Core 30/70 Conservative Allocation ETF by 127.9% in the 1st quarter. Sunbelt Securities Inc. now owns 816 shares of the company’s stock worth $33,000 after acquiring an additional 458 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of iShares Core 30/70 Conservative Allocation ETF in the 4th quarter worth approximately $97,000. Farther Finance Advisors LLC raised its position in shares of iShares Core 30/70 Conservative Allocation ETF by 175.1% during the 4th quarter. Farther Finance Advisors LLC now owns 2,765 shares of the company’s stock valued at $111,000 after acquiring an additional 1,760 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in iShares Core 30/70 Conservative Allocation ETF by 59.9% during the 3rd quarter. NewEdge Advisors LLC now owns 3,270 shares of the company’s stock worth $131,000 after purchasing an additional 1,225 shares in the last quarter.

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.