iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Stock Price Cross Below Two Hundred Day Moving Average – Here’s Why

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM)’s share price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $48.95 and traded as low as $48.58. iShares Core 40/60 Moderate Allocation ETF shares last traded at $48.74, with a volume of 447,087 shares traded.

iShares Core 40/60 Moderate Allocation ETF Price Performance

The company has a market cap of $1.87 billion, a price-to-earnings ratio of 19.75 and a beta of 0.52. The firm has a 50 day simple moving average of $49.15 and a 200-day simple moving average of $48.95.

Institutional Trading of iShares Core 40/60 Moderate Allocation ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC raised its holdings in iShares Core 40/60 Moderate Allocation ETF by 5.6% during the second quarter. CoreCap Advisors LLC now owns 5,056 shares of the company’s stock worth $252,000 after purchasing an additional 266 shares during the last quarter. Comprehensive Financial Planning Inc. PA boosted its position in iShares Core 40/60 Moderate Allocation ETF by 48.8% during the second quarter. Comprehensive Financial Planning Inc. PA now owns 1,795 shares of the company’s stock worth $90,000 after purchasing an additional 589 shares in the last quarter. Leo H. Evart Inc. purchased a new stake in iShares Core 40/60 Moderate Allocation ETF during the second quarter worth $35,000. Tsfg LLC purchased a new stake in iShares Core 40/60 Moderate Allocation ETF during the second quarter worth $53,000. Finally, Ascentis Independent Advisors acquired a new stake in iShares Core 40/60 Moderate Allocation ETF in the first quarter valued at $53,000.

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.