iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Hits New 1-Year High – Should You Buy?

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $40.86 and last traded at $40.8450, with a volume of 10778 shares. The stock had previously closed at $40.75.

iShares Core 30/70 Conservative Allocation ETF Trading Up 0.2%

The stock has a market capitalization of $741.34 million, a price-to-earnings ratio of 19.61 and a beta of 0.45. The company’s 50 day moving average is $40.44 and its 200 day moving average is $40.02.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AOK. TD Private Client Wealth LLC acquired a new position in shares of iShares Core 30/70 Conservative Allocation ETF in the 2nd quarter worth approximately $29,000. Root Financial Partners LLC purchased a new position in shares of iShares Core 30/70 Conservative Allocation ETF during the third quarter valued at $33,000. Flagship Harbor Advisors LLC purchased a new stake in iShares Core 30/70 Conservative Allocation ETF in the 4th quarter worth approximately $97,000. Golden State Wealth Management LLC bought a new stake in shares of iShares Core 30/70 Conservative Allocation ETF in the 2nd quarter valued at approximately $103,000. Finally, Farther Finance Advisors LLC raised its position in shares of iShares Core 30/70 Conservative Allocation ETF by 175.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,765 shares of the company’s stock valued at $111,000 after purchasing an additional 1,760 shares during the period.

iShares Core 30/70 Conservative Allocation ETF Company Profile

iShares Conservative Allocation ETF, formerly iShares S&P Conservative 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 Conservative Index (the Conservative Allocation Index). The Conservative Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a conservative risk profile. The Fund is designed for investors seeking current income and capital preservation.