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

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) saw unusually-strong trading volume on Monday . Approximately 242,305 shares traded hands during trading, an increase of 70% from the previous session’s volume of 142,152 shares.The stock last traded at $47.87 and had previously closed at $47.98.

iShares Core 40/60 Moderate Allocation ETF Stock Down 0.2%

The firm’s fifty day moving average price is $47.89 and its 200 day moving average price is $46.96. The stock has a market cap of $1.63 billion, a PE ratio of 19.75 and a beta of 0.52.

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

Several institutional investors have recently added to or reduced their stakes in the company. Weitzel Financial Services Inc. raised its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 4.0% during the 3rd quarter. Weitzel Financial Services Inc. now owns 288,776 shares of the company’s stock worth $13,648,000 after acquiring an additional 11,208 shares in the last quarter. Ameriprise Financial Inc. increased its stake in iShares Core 40/60 Moderate Allocation ETF by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 281,931 shares of the company’s stock worth $12,995,000 after acquiring an additional 17,790 shares during the last quarter. American Trust boosted its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 0.6% in the 3rd quarter. American Trust now owns 98,698 shares of the company’s stock worth $4,696,000 after purchasing an additional 613 shares during the period. JPMorgan Chase & Co. increased its position in shares of iShares Core 40/60 Moderate Allocation ETF by 148.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 45,472 shares of the company’s stock valued at $2,094,000 after purchasing an additional 27,156 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in iShares Core 40/60 Moderate Allocation ETF by 2,551.7% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 31,476 shares of the company’s stock worth $1,449,000 after buying an additional 30,289 shares during the period.

About iShares Core 40/60 Moderate Allocation ETF

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.