iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sees Unusually-High Trading Volume – Here’s What Happened

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) saw an uptick in trading volume on Wednesday . 315,822 shares traded hands during trading, an increase of 99% from the previous session’s volume of 159,017 shares.The stock last traded at $50.06 and had previously closed at $49.94.

iShares Core 40/60 Moderate Allocation ETF Stock Performance

The company’s fifty day simple moving average is $49.11 and its two-hundred day simple moving average is $48.48. The stock has a market capitalization of $1.76 billion, a PE ratio of 19.75 and a beta of 0.51.

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

Several hedge funds have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC increased its holdings in iShares Core 40/60 Moderate Allocation ETF by 5.2% during the 1st quarter. Venturi Wealth Management LLC now owns 5,039 shares of the company’s stock valued at $239,000 after acquiring an additional 251 shares in the last quarter. CoreCap Advisors LLC increased its holdings in iShares Core 40/60 Moderate Allocation ETF by 6.8% during the 4th quarter. CoreCap Advisors LLC now owns 4,314 shares of the company’s stock valued at $206,000 after acquiring an additional 274 shares in the last quarter. Legacy Financial Group LLC increased its holdings in iShares Core 40/60 Moderate Allocation ETF by 3.0% during the 4th quarter. Legacy Financial Group LLC now owns 16,692 shares of the company’s stock valued at $808,000 after acquiring an additional 480 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in iShares Core 40/60 Moderate Allocation ETF during the 4th quarter valued at about $28,000. Finally, American Trust increased 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 valued at $4,696,000 after acquiring an additional 613 shares in the last quarter.

iShares Core 40/60 Moderate Allocation ETF Company Profile

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.