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

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) saw strong trading volume on Friday. Approximately 2,396,648 shares traded hands 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 Down 0.4%

The firm has a market cap of $1.95 billion, a P/E ratio of 19.75 and a beta of 0.52. The firm’s 50-day simple moving average is $49.38 and its 200 day simple moving average is $49.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Weitzel Financial Services Inc. raised its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 12.1% in the 2nd 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. Godshalk Welsh Capital Management Inc. grew its holdings in iShares Core 40/60 Moderate Allocation ETF by 24.9% during the first quarter. Godshalk Welsh Capital Management Inc. now owns 27,224 shares of the company’s stock valued at $1,290,000 after purchasing an additional 5,425 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in iShares Core 40/60 Moderate Allocation ETF by 21.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 20,623 shares of the company’s stock valued at $1,029,000 after purchasing an additional 3,576 shares during the period. Continuum Advisory LLC purchased a new stake in iShares Core 40/60 Moderate Allocation ETF in the second quarter worth $398,000. Finally, Cornerstone Planning Group LLC increased its position in iShares Core 40/60 Moderate Allocation ETF by 71.9% in the first quarter. Cornerstone Planning Group LLC now owns 6,645 shares of the company’s stock worth $326,000 after buying an additional 2,779 shares during the last quarter.

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.