iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sees Strong Trading Volume – Time to Buy?

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) shares saw strong trading volume on Monday . 163,782 shares traded hands during mid-day trading, an increase of 20% from the previous session’s volume of 136,777 shares.The stock last traded at $42.86 and had previously closed at $42.50.

iShares Core 40/60 Moderate Allocation ETF Price Performance

The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 20.52 and a beta of 0.50. The stock has a fifty day simple moving average of $43.86 and a 200-day simple moving average of $44.07.

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

Several hedge funds have recently modified their holdings of the company. Bellwether Advisors LLC acquired a new position in iShares Core 40/60 Moderate Allocation ETF during the fourth quarter worth $31,000. Assetmark Inc. lifted its stake in iShares Core 40/60 Moderate Allocation ETF by 118.6% in the 4th quarter. Assetmark Inc. now owns 765 shares of the company’s stock valued at $33,000 after buying an additional 415 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in iShares Core 40/60 Moderate Allocation ETF in the 4th quarter worth about $39,000. NBC Securities Inc. purchased a new stake in iShares Core 40/60 Moderate Allocation ETF during the 1st quarter worth approximately $41,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the fourth quarter valued at approximately $51,000.

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.