iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Sees Large Volume Increase – Should You Buy?

Shares of iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) saw strong trading volume on Friday . 552,251 shares changed hands during mid-day trading, an increase of 144% from the previous session’s volume of 226,471 shares.The stock last traded at $58.23 and had previously closed at $57.97.

iShares Core 60/40 Balanced Allocation ETF Price Performance

The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 19.26 and a beta of 0.63. The firm has a 50 day simple moving average of $56.99 and a two-hundred day simple moving average of $57.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealthspire Advisors LLC grew its stake in iShares Core 60/40 Balanced Allocation ETF by 91.8% in the first quarter. Wealthspire Advisors LLC now owns 8,802 shares of the company’s stock valued at $507,000 after acquiring an additional 4,212 shares during the period. Integrated Investment Consultants LLC bought a new position in shares of iShares Core 60/40 Balanced Allocation ETF during the 1st quarter valued at about $17,115,000. Nvwm LLC grew its position in shares of iShares Core 60/40 Balanced Allocation ETF by 23.1% in the 1st quarter. Nvwm LLC now owns 8,638 shares of the company’s stock valued at $497,000 after purchasing an additional 1,623 shares during the period. Wayfinding Financial LLC bought a new stake in iShares Core 60/40 Balanced Allocation ETF during the 1st quarter worth approximately $107,000. Finally, Columbia River Financial Group LLC acquired a new stake in iShares Core 60/40 Balanced Allocation ETF during the 1st quarter worth approximately $45,000.

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.