iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Hits New 1-Year High – Should You Buy?

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $49.39 and last traded at $49.36, with a volume of 5870 shares. The stock had previously closed at $49.01.

iShares Core 40/60 Moderate Allocation ETF Trading Up 0.5%

The business has a fifty day moving average of $48.16 and a 200-day moving average of $48.14. The company has a market cap of $1.74 billion, a PE ratio of 19.75 and a beta of 0.51.

Hedge Funds Weigh In On iShares Core 40/60 Moderate Allocation ETF

Several hedge funds have recently made changes to their positions in the business. Cornerstone Planning Group LLC lifted its stake in iShares Core 40/60 Moderate Allocation ETF by 71.9% in the first quarter. Cornerstone Planning Group LLC now owns 6,645 shares of the company’s stock worth $326,000 after acquiring an additional 2,779 shares during the period. Weitzel Financial Services Inc. increased its position in iShares Core 40/60 Moderate Allocation ETF by 3.9% during the 1st quarter. Weitzel Financial Services Inc. now owns 313,078 shares of the company’s stock valued at $14,846,000 after purchasing an additional 11,814 shares during the period. Ascentis Independent Advisors bought a new position in iShares Core 40/60 Moderate Allocation ETF in the 1st quarter worth $53,000. Venturi Wealth Management LLC raised its holdings in iShares Core 40/60 Moderate Allocation ETF by 5.2% in the 1st quarter. Venturi Wealth Management LLC now owns 5,039 shares of the company’s stock worth $239,000 after purchasing an additional 251 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC lifted its position in shares of iShares Core 40/60 Moderate Allocation ETF by 4,656.7% in 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 period.

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.