iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Hits New 12-Month High – Here’s Why

Shares of iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $49.70 and last traded at $49.68, with a volume of 19445 shares. The stock had previously closed at $49.40.

iShares Core 40/60 Moderate Allocation ETF Price Performance

The company has a market capitalization of $1.75 billion, a P/E ratio of 19.75 and a beta of 0.51. The stock’s 50 day moving average is $48.35 and its 200-day moving average is $48.26.

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

A number of institutional investors have recently bought and sold shares of AOM. Venturi Wealth Management LLC increased its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 5.2% during the first quarter. Venturi Wealth Management LLC now owns 5,039 shares of the company’s stock valued at $239,000 after purchasing an additional 251 shares in the last quarter. CoreCap Advisors LLC increased its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 6.8% during the fourth quarter. CoreCap Advisors LLC now owns 4,314 shares of the company’s stock valued at $206,000 after purchasing an additional 274 shares in the last quarter. Legacy Financial Group LLC increased its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 3.0% during the fourth quarter. Legacy Financial Group LLC now owns 16,692 shares of the company’s stock valued at $808,000 after purchasing an additional 480 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the fourth quarter valued at approximately $28,000. Finally, American Trust increased its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 0.6% during the third quarter. American Trust now owns 98,698 shares of the company’s stock valued at $4,696,000 after purchasing an additional 613 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.