iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sets New 52-Week High – Here’s Why

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOMGet Free Report) hit a new 52-week high on Tuesday . The company traded as high as $49.70 and last traded at $49.68, with a volume of 19445 shares traded. The stock had previously closed at $49.40.

iShares Core 40/60 Moderate Allocation ETF Stock Performance

The stock has a market capitalization of $1.75 billion, a PE ratio of 19.75 and a beta of 0.51. The business has a 50 day moving average of $48.43 and a two-hundred day moving average of $48.28.

Institutional Investors Weigh In On iShares Core 40/60 Moderate Allocation ETF

Hedge funds have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares Core 40/60 Moderate Allocation ETF during the 4th quarter worth $28,000. Painted Porch Advisors LLC purchased a new stake in shares of iShares Core 40/60 Moderate Allocation ETF during the 3rd quarter worth $51,000. Ascentis Independent Advisors purchased a new stake in shares of iShares Core 40/60 Moderate Allocation ETF during the 1st quarter worth $53,000. Vermillion & White Wealth Management Group LLC lifted its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 4,656.7% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,427 shares of the company’s stock worth $68,000 after purchasing an additional 1,397 shares during the last quarter. Finally, Strategic Advocates LLC purchased a new stake in shares of iShares Core 40/60 Moderate Allocation ETF during the 3rd quarter worth $135,000.

About iShares Core 40/60 Moderate Allocation ETF

(Get Free Report)

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.

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