iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Hits New 1-Year High – Here’s Why

iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) shares reached a new 52-week high on Wednesday . The company traded as high as $70.32 and last traded at $70.13, with a volume of 20101 shares changing hands. The stock had previously closed at $69.90.

iShares Core 60/40 Balanced Allocation ETF Stock Performance

The firm has a fifty day simple moving average of $69.01 and a 200-day simple moving average of $67.59. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 19.83 and a beta of 0.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA acquired a new stake in iShares Core 60/40 Balanced Allocation ETF during the fourth quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of iShares Core 60/40 Balanced Allocation ETF in the fourth quarter valued at approximately $33,000. Arlington Trust Co LLC acquired a new position in shares of iShares Core 60/40 Balanced Allocation ETF in the second quarter valued at approximately $58,000. Mascoma Wealth Management LLC increased its stake in shares of iShares Core 60/40 Balanced Allocation ETF by 23.4% during the fourth quarter. Mascoma Wealth Management LLC now owns 1,218 shares of the company’s stock worth $79,000 after purchasing an additional 231 shares during the period. Finally, Gould Capital LLC increased its stake in shares of iShares Core 60/40 Balanced Allocation ETF by 123.6% during the fourth quarter. Gould Capital LLC now owns 2,263 shares of the company’s stock worth $147,000 after purchasing an additional 1,251 shares during the period.

About iShares Core 60/40 Balanced Allocation ETF

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.