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

iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) saw unusually-high trading volume on Wednesday . Approximately 886,903 shares traded hands during mid-day trading, an increase of 243% from the previous session’s volume of 258,717 shares.The stock last traded at $65.3750 and had previously closed at $65.17.

iShares Core 60/40 Balanced Allocation ETF Stock Performance

The company has a market cap of $2.93 billion, a P/E ratio of 19.83 and a beta of 0.65. The business’s fifty day moving average is $64.72 and its two-hundred day moving average is $62.74.

Institutional Trading of iShares Core 60/40 Balanced Allocation ETF

Hedge funds have recently added to or reduced their stakes in the business. GGM Financials LLC purchased a new position in iShares Core 60/40 Balanced Allocation ETF during the 3rd quarter valued at about $26,000. ST Germain D J Co. Inc. purchased a new position in iShares Core 60/40 Balanced Allocation ETF during the second quarter valued at approximately $58,000. Parallel Advisors LLC increased its holdings in iShares Core 60/40 Balanced Allocation ETF by 23.3% during the third quarter. Parallel Advisors LLC now owns 3,494 shares of the company’s stock valued at $225,000 after buying an additional 660 shares during the period. Prime Capital Investment Advisors LLC bought a new position in iShares Core 60/40 Balanced Allocation ETF in the third quarter worth approximately $250,000. Finally, Transcendent Capital Group LLC purchased a new stake in iShares Core 60/40 Balanced Allocation ETF during the third quarter worth $311,000.

iShares Core 60/40 Balanced Allocation ETF Company Profile

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.