iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Hits New 1-Year High – Here’s What Happened

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $49.39 and last traded at $49.36, with a volume of 5870 shares trading hands. The stock had previously closed at $49.01.

iShares Core 40/60 Moderate Allocation ETF Stock Up 0.8%

The business’s fifty day moving average price is $48.14 and its 200 day moving average price is $48.11. The firm has a market capitalization of $1.74 billion, a PE ratio of 19.75 and a beta of 0.51.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Flagship Harbor Advisors LLC acquired a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the fourth quarter worth about $28,000. Painted Porch Advisors LLC acquired a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the third quarter worth about $51,000. Ascentis Independent Advisors acquired a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the first quarter worth about $53,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 4,656.7% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,427 shares of the company’s stock worth $68,000 after acquiring an additional 1,397 shares during the period. Finally, Strategic Advocates LLC acquired a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the third quarter worth about $135,000.

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.