iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Sees Large Volume Increase – Time to Buy?

Shares of iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) saw strong trading volume on Friday. 1,919,688 shares were traded during mid-day 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’s 50 day moving average price is $69.39 and its 200 day moving average price is $68.62. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 19.83 and a beta of 0.65.

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

Institutional investors and hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC boosted its holdings in iShares Core 60/40 Balanced Allocation ETF by 3.3% in the 2nd quarter. CoreCap Advisors LLC now owns 6,661 shares of the company’s stock valued at $463,000 after purchasing an additional 212 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in shares of iShares Core 60/40 Balanced Allocation ETF during the fourth quarter worth approximately $33,000. IMA Advisory Services Inc. increased its holdings in shares of iShares Core 60/40 Balanced Allocation ETF by 2.7% during the first quarter. IMA Advisory Services Inc. now owns 26,161 shares of the company’s stock worth $1,683,000 after purchasing an additional 699 shares during the period. Arlington Trust Co LLC bought a new position in shares of iShares Core 60/40 Balanced Allocation ETF during the second quarter worth approximately $58,000. Finally, Venturi Wealth Management LLC raised its position in shares of iShares Core 60/40 Balanced Allocation ETF by 12.7% in the first quarter. Venturi Wealth Management LLC now owns 8,519 shares of the company’s stock valued at $548,000 after buying an additional 957 shares in the last quarter.

About iShares Core 60/40 Balanced Allocation ETF

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.