iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sees Strong Trading Volume – Here’s What Happened

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) saw an uptick in trading volume on Friday. Approximately 408,500 shares changed hands during mid-day trading, an increase of 118% from the previous session’s volume of 187,587 shares. The stock last traded at $48.6210 and had previously closed at $48.77.

iShares Core 40/60 Moderate Allocation ETF Trading Down 0.3%

The stock has a market cap of $1.88 billion, a PE ratio of 19.75 and a beta of 0.51. The business has a 50 day moving average of $49.48 and a 200-day moving average of $49.11.

Institutional Trading of iShares Core 40/60 Moderate Allocation ETF

Several institutional investors and hedge funds have recently bought and sold shares of AOM. Compass Financial Management LLC purchased a new position in iShares Core 40/60 Moderate Allocation ETF during the 2nd quarter worth $288,000. Comprehensive Financial Planning Inc. PA raised its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 48.8% in the second quarter. Comprehensive Financial Planning Inc. PA now owns 1,795 shares of the company’s stock valued at $90,000 after buying an additional 589 shares during the last quarter. United Community Bank raised its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 285.0% in the second quarter. United Community Bank now owns 1,925 shares of the company’s stock valued at $96,000 after buying an additional 1,425 shares during the last quarter. Leo H. Evart Inc. acquired a new stake in shares of iShares Core 40/60 Moderate Allocation ETF during the second quarter worth about $35,000. Finally, Continuum Advisory LLC acquired a new stake in shares of iShares Core 40/60 Moderate Allocation ETF during the second quarter worth about $398,000.

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.