iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sees Large Volume Increase – Here’s What Happened

Shares of iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) saw an uptick in trading volume on Monday . 242,305 shares were traded during trading, an increase of 70% from the previous session’s volume of 142,152 shares.The stock last traded at $47.87 and had previously closed at $47.98.

iShares Core 40/60 Moderate Allocation ETF Trading Down 0.2%

The firm has a fifty day moving average of $47.89 and a two-hundred day moving average of $46.96. The company has a market capitalization of $1.63 billion, a PE ratio of 19.75 and a beta of 0.52.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AOM. Weitzel Financial Services Inc. increased its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 2.2% during the first quarter. Weitzel Financial Services Inc. now owns 280,083 shares of the company’s stock valued at $12,111,000 after buying an additional 5,933 shares during the period. Jones Financial Companies Lllp lifted its position in shares of iShares Core 40/60 Moderate Allocation ETF by 44.2% in the 1st quarter. Jones Financial Companies Lllp now owns 11,977 shares of the company’s stock worth $576,000 after purchasing an additional 3,670 shares during the period. HFM Investment Advisors LLC purchased a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the first quarter valued at about $113,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in iShares Core 40/60 Moderate Allocation ETF by 2,551.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 31,476 shares of the company’s stock worth $1,449,000 after buying an additional 30,289 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in iShares Core 40/60 Moderate Allocation ETF by 85.2% in the second quarter. Farther Finance Advisors LLC now owns 1,937 shares of the company’s stock worth $89,000 after buying an additional 891 shares in the last quarter.

iShares Core 40/60 Moderate Allocation ETF Company Profile

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.