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) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $66.10 and last traded at $66.12, with a volume of 131493 shares. The stock had previously closed at $66.01.

iShares Core 60/40 Balanced Allocation ETF Price Performance

The company has a 50 day moving average of $65.11 and a 200-day moving average of $63.76. The company has a market cap of $3.18 billion, a P/E ratio of 19.83 and a beta of 0.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Ransom Advisory Ltd bought a new stake in shares of iShares Core 60/40 Balanced Allocation ETF in the 4th quarter worth approximately $65,000. Strategic Advocates LLC raised its position in iShares Core 60/40 Balanced Allocation ETF by 2.6% in the 3rd quarter. Strategic Advocates LLC now owns 8,244 shares of the company’s stock worth $531,000 after purchasing an additional 205 shares during the period. Integrated Investment Consultants LLC raised its position 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 purchasing an additional 17,304 shares during the period. United Capital Financial Advisors LLC lifted its stake in iShares Core 60/40 Balanced Allocation ETF by 2.6% in the third quarter. United Capital Financial Advisors LLC now owns 19,976 shares of the company’s stock worth $1,286,000 after purchasing an additional 511 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in iShares Core 60/40 Balanced Allocation ETF by 3.6% during the third quarter. Ameriprise Financial Inc. now owns 44,427 shares of the company’s stock valued at $2,860,000 after buying an additional 1,542 shares during the period.

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.