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

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) saw unusually-high trading volume on Friday. 2,396,648 shares were traded during trading, an increase of 1,072% from the previous session’s volume of 204,482 shares. The stock last traded at $48.7360 and had previously closed at $48.85.

iShares Core 40/60 Moderate Allocation ETF Stock Performance

The firm has a 50 day moving average price of $49.38 and a two-hundred day moving average price of $49.21. The company has a market cap of $1.95 billion, a P/E ratio of 19.75 and a beta of 0.52.

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

Institutional investors have recently added to or reduced their stakes in the business. Weitzel Financial Services Inc. boosted its position in iShares Core 40/60 Moderate Allocation ETF by 12.1% during the second quarter. Weitzel Financial Services Inc. now owns 350,979 shares of the company’s stock worth $17,991,000 after purchasing an additional 37,901 shares during the period. Continuum Advisory LLC purchased a new position in shares of iShares Core 40/60 Moderate Allocation ETF in the second quarter worth about $398,000. Compass Financial Management LLC purchased a new position in shares of iShares Core 40/60 Moderate Allocation ETF in the second quarter worth about $288,000. Godshalk Welsh Capital Management Inc. increased its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 24.9% in the first quarter. Godshalk Welsh Capital Management Inc. now owns 27,224 shares of the company’s stock worth $1,290,000 after purchasing an additional 5,425 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the third quarter valued at approximately $207,000.

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.