iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sets New 12-Month High – Time to Buy?

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $48.50 and last traded at $48.45, with a volume of 231965 shares traded. The stock had previously closed at $48.31.

iShares Core 40/60 Moderate Allocation ETF Stock Down 0.1%

The stock has a market cap of $1.71 billion, a P/E ratio of 19.75 and a beta of 0.52. The company’s 50 day moving average price is $48.05 and its two-hundred day moving average price is $47.38.

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

Several hedge funds have recently made changes to their positions in AOM. Weitzel Financial Services Inc. increased its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 4.0% during the third quarter. Weitzel Financial Services Inc. now owns 288,776 shares of the company’s stock valued at $13,648,000 after buying an additional 11,208 shares during the period. Ameriprise Financial Inc. grew its holdings in iShares Core 40/60 Moderate Allocation ETF by 6.7% during the 2nd 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 in the last quarter. American Trust grew its holdings in iShares Core 40/60 Moderate Allocation ETF by 0.6% during the 3rd quarter. American Trust now owns 98,698 shares of the company’s stock worth $4,696,000 after acquiring an additional 613 shares in the last quarter. JPMorgan Chase & Co. increased its position in 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 period. Finally, Captrust Financial Advisors raised its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 176.3% in the 2nd quarter. Captrust Financial Advisors now owns 24,917 shares of the company’s stock valued at $1,147,000 after purchasing an additional 15,899 shares in the last quarter.

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.