iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Sees Large Volume Increase – What’s Next?

iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) shares saw unusually-strong trading volume on Friday. 1,919,688 shares changed hands during trading, an increase of 391% from the previous session’s volume of 390,762 shares. The stock last traded at $68.6150 and had previously closed at $68.65.

iShares Core 60/40 Balanced Allocation ETF Stock Performance

The company has a fifty day simple moving average of $69.39 and a two-hundred day simple moving average of $68.62. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 19.83 and a beta of 0.65.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AOR. Congress Asset Management Co. bought a new stake in iShares Core 60/40 Balanced Allocation ETF during the third quarter worth about $2,848,000. Worth Asset Management LLC grew its stake in iShares Core 60/40 Balanced Allocation ETF by 2.9% during the first quarter. Worth Asset Management LLC now owns 689,976 shares of the company’s stock worth $44,400,000 after buying an additional 19,273 shares in the last quarter. NBT Bank N A NY increased its holdings in iShares Core 60/40 Balanced Allocation ETF by 157,167.7% in the 1st quarter. NBT Bank N A NY now owns 102,224 shares of the company’s stock valued at $6,578,000 after buying an additional 102,159 shares during the period. CoreCap Advisors LLC bought a new position in iShares Core 60/40 Balanced Allocation ETF in the 3rd quarter valued at about $486,000. Finally, SOA Wealth Advisors LLC. increased its holdings in iShares Core 60/40 Balanced Allocation ETF by 1,205.7% in the 1st quarter. SOA Wealth Advisors LLC. now owns 8,996 shares of the company’s stock valued at $579,000 after buying an additional 8,307 shares during the period.

iShares Core 60/40 Balanced Allocation ETF Company Profile

iShares Growth Allocation ETF, formerly iShares S&P Growth Allocation Fund (the Fund), is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Target Risk Growth Index (the Growth Allocation Index). The Growth Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a growth-focused risk profile. The Fund is designed for investors seeking moderate capital appreciation and opportunity for current income and capital preservation.