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 share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $48.50 and last traded at $48.38, with a volume of 16138 shares traded. The stock had previously closed at $48.33.

iShares Core 40/60 Moderate Allocation ETF Price Performance

The firm’s 50 day moving average is $47.95 and its 200 day moving average is $47.22. The firm has a market cap of $1.72 billion, a P/E ratio of 19.75 and a beta of 0.52.

Hedge Funds Weigh In On iShares Core 40/60 Moderate Allocation ETF

Hedge funds have recently modified their holdings of the stock. AdvisorNet Financial Inc increased its stake in iShares Core 40/60 Moderate Allocation ETF by 6.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,908 shares of the company’s stock valued at $180,000 after purchasing an additional 238 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of iShares Core 40/60 Moderate Allocation ETF by 6.8% in the 3rd quarter. CoreCap Advisors LLC now owns 4,040 shares of the company’s stock valued at $192,000 after acquiring an additional 257 shares during the period. Venturi Wealth Management LLC increased its position in shares of iShares Core 40/60 Moderate Allocation ETF by 9.8% in the 2nd quarter. Venturi Wealth Management LLC now owns 5,655 shares of the company’s stock valued at $260,000 after acquiring an additional 506 shares during the period. WestEnd Advisors LLC raised its stake in iShares Core 40/60 Moderate Allocation ETF by 1,007.0% in the 2nd quarter. WestEnd Advisors LLC now owns 631 shares of the company’s stock worth $29,000 after acquiring an additional 574 shares during the last quarter. Finally, American Trust lifted its position in iShares Core 40/60 Moderate Allocation ETF by 0.6% during the 3rd quarter. American Trust now owns 98,698 shares of the company’s stock worth $4,696,000 after acquiring an additional 613 shares during the period.

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.