iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Sets New 1-Year High – Should You Buy?

Shares of iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) reached a new 52-week high on Tuesday . The company traded as high as $40.51 and last traded at $40.51, with a volume of 115977 shares traded. The stock had previously closed at $40.33.

iShares Core 30/70 Conservative Allocation ETF Trading Up 0.4%

The company has a market cap of $670.44 million, a PE ratio of 19.61 and a beta of 0.38. The stock has a 50 day moving average price of $39.88 and a 200 day moving average price of $38.77.

Institutional Trading of iShares Core 30/70 Conservative Allocation ETF

A number of hedge funds and other institutional investors have recently modified their holdings of AOK. IMA Advisory Services Inc. grew its position in shares of iShares Core 30/70 Conservative Allocation ETF by 4.2% in the 2nd quarter. IMA Advisory Services Inc. now owns 7,212 shares of the company’s stock worth $267,000 after buying an additional 291 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in iShares Core 30/70 Conservative Allocation ETF by 5.5% during the second quarter. Creative Financial Designs Inc. ADV now owns 9,084 shares of the company’s stock worth $355,000 after acquiring an additional 475 shares in the last quarter. TD Private Client Wealth LLC bought a new stake in iShares Core 30/70 Conservative Allocation ETF during the second quarter worth about $29,000. Waterloo Capital L.P. grew its holdings in iShares Core 30/70 Conservative Allocation ETF by 17.8% in the second quarter. Waterloo Capital L.P. now owns 10,664 shares of the company’s stock worth $417,000 after purchasing an additional 1,610 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in shares of iShares Core 30/70 Conservative Allocation ETF during the second quarter valued at approximately $103,000.

About iShares Core 30/70 Conservative Allocation ETF

iShares Conservative Allocation ETF, formerly iShares S&P Conservative 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 Conservative Index (the Conservative Allocation Index). The Conservative Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a conservative risk profile.