iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sees Strong Trading Volume – Should You Buy?

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOMGet Free Report) saw unusually-high trading volume on Thursday . Approximately 273,176 shares were traded during trading, an increase of 73% from the previous session’s volume of 158,190 shares.The stock last traded at $49.74 and had previously closed at $49.68.

iShares Core 40/60 Moderate Allocation ETF Stock Up 0.3%

The business’s fifty day moving average is $48.43 and its 200-day moving average is $48.28. The stock has a market capitalization of $1.75 billion, a PE ratio of 19.75 and a beta of 0.51.

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

Institutional investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. grew its holdings in iShares Core 40/60 Moderate Allocation ETF by 295.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 14,231 shares of the company’s stock valued at $679,000 after purchasing an additional 10,631 shares during the period. Weitzel Financial Services Inc. grew its holdings in iShares Core 40/60 Moderate Allocation ETF by 4.3% in the fourth quarter. Weitzel Financial Services Inc. now owns 301,264 shares of the company’s stock valued at $14,415,000 after purchasing an additional 12,488 shares during the period. Western Wealth Management LLC purchased a new stake in iShares Core 40/60 Moderate Allocation ETF in the fourth quarter valued at approximately $4,460,000. One Capital Management LLC grew its holdings in iShares Core 40/60 Moderate Allocation ETF by 11.4% in the fourth quarter. One Capital Management LLC now owns 26,986 shares of the company’s stock valued at $1,288,000 after purchasing an additional 2,769 shares during the period. Finally, Legacy Financial Group LLC grew its holdings in iShares Core 40/60 Moderate Allocation ETF by 3.0% in the fourth quarter. Legacy Financial Group LLC now owns 16,692 shares of the company’s stock valued at $808,000 after purchasing an additional 480 shares during the period.

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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