iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Reaches New 52-Week High – Should You Buy?

iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR)’s stock price reached a new 52-week high on Monday . The company traded as high as $69.92 and last traded at $69.84, with a volume of 39016 shares trading hands. The stock had previously closed at $69.12.

iShares Core 60/40 Balanced Allocation ETF Trading Up 1.1%

The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 19.83 and a beta of 0.64. The company has a fifty day simple moving average of $67.86 and a 200-day simple moving average of $66.48.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Ameriflex Group Inc. increased its position in shares of iShares Core 60/40 Balanced Allocation ETF by 80.8% in the third quarter. Ameriflex Group Inc. now owns 25,014 shares of the company’s stock worth $1,610,000 after acquiring an additional 11,178 shares in the last quarter. Worth Asset Management LLC lifted its stake in iShares Core 60/40 Balanced Allocation ETF by 5.2% in the 4th quarter. Worth Asset Management LLC now owns 670,703 shares of the company’s stock worth $43,602,000 after acquiring an additional 32,939 shares in the last quarter. Integrated Investment Consultants LLC lifted its stake in iShares Core 60/40 Balanced Allocation ETF by 4.7% in the 3rd quarter. Integrated Investment Consultants LLC now owns 384,902 shares of the company’s stock worth $24,780,000 after acquiring an additional 17,304 shares in the last quarter. WestEnd Advisors LLC lifted its stake in iShares Core 60/40 Balanced Allocation ETF by 184.4% in the 4th quarter. WestEnd Advisors LLC now owns 49,946 shares of the company’s stock worth $3,247,000 after acquiring an additional 32,386 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its stake in iShares Core 60/40 Balanced Allocation ETF by 66.5% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 37,840 shares of the company’s stock worth $2,460,000 after acquiring an additional 15,109 shares in the last quarter.

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. The Fund is designed for investors seeking moderate capital appreciation and opportunity for current income and capital preservation.