iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sets New 12-Month High – Still a Buy?

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOMGet Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $50.12 and last traded at $50.12, with a volume of 27798 shares trading hands. The stock had previously closed at $49.90.

iShares Core 40/60 Moderate Allocation ETF Stock Performance

The company has a market capitalization of $1.78 billion, a PE ratio of 19.75 and a beta of 0.51. The stock has a 50 day moving average price of $49.45 and a two-hundred day moving average price of $48.88.

Institutional Trading of iShares Core 40/60 Moderate Allocation ETF

Institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC acquired a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the fourth quarter valued at about $4,460,000. JPMorgan Chase & Co. grew its position in iShares Core 40/60 Moderate Allocation ETF by 148.3% during the second quarter. JPMorgan Chase & Co. now owns 45,472 shares of the company’s stock worth $2,094,000 after buying an additional 27,156 shares in the last quarter. Ameriprise Financial Inc. grew its position in iShares Core 40/60 Moderate Allocation ETF by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 281,931 shares of the company’s stock worth $12,995,000 after buying an additional 17,790 shares in the last quarter. Captrust Financial Advisors increased its stake in iShares Core 40/60 Moderate Allocation ETF by 176.3% during the second quarter. Captrust Financial Advisors now owns 24,917 shares of the company’s stock valued at $1,147,000 after acquiring an additional 15,899 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in iShares Core 40/60 Moderate Allocation ETF by 306.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 18,257 shares of the company’s stock valued at $871,000 after acquiring an additional 13,762 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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