iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Sets New 1-Year High – Time to Buy?

iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $67.00 and last traded at $66.7470, with a volume of 281 shares traded. The stock had previously closed at $66.73.

iShares Core 60/40 Balanced Allocation ETF Price Performance

The company has a 50 day simple moving average of $65.73 and a 200-day simple moving average of $64.44. The stock has a market capitalization of $3.21 billion, a P/E ratio of 19.83 and a beta of 0.65.

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

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of iShares Core 60/40 Balanced Allocation ETF by 5.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 717,742 shares of the company’s stock valued at $44,191,000 after acquiring an additional 39,188 shares in the last quarter. Worth Asset Management LLC increased its position in shares of iShares Core 60/40 Balanced Allocation ETF by 5.2% in the fourth quarter. Worth Asset Management LLC now owns 670,703 shares of the company’s stock worth $43,602,000 after purchasing an additional 32,939 shares during the last quarter. Integrated Investment Consultants LLC raised its stake in iShares Core 60/40 Balanced Allocation ETF by 4.7% in the third quarter. Integrated Investment Consultants LLC now owns 384,902 shares of the company’s stock valued at $24,780,000 after purchasing an additional 17,304 shares in the last quarter. Lbmc Investment Advisors LLC raised its stake in iShares Core 60/40 Balanced Allocation ETF by 0.8% in the third quarter. Lbmc Investment Advisors LLC now owns 74,707 shares of the company’s stock valued at $4,810,000 after purchasing an additional 604 shares in the last quarter. Finally, BlueStem Wealth Partners LLC lifted its position in iShares Core 60/40 Balanced Allocation ETF by 0.6% during the third quarter. BlueStem Wealth Partners LLC now owns 69,392 shares of the company’s stock valued at $4,467,000 after purchasing an additional 397 shares during 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.