iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Hits New 12-Month High – Here’s Why

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock 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 Up 0.5%

The firm’s 50-day moving average is $48.35 and its 200-day moving average is $48.26. The company has a market capitalization of $1.75 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 and other institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC raised its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 5.2% during the first quarter. Venturi Wealth Management LLC now owns 5,039 shares of the company’s stock valued at $239,000 after acquiring an additional 251 shares during the last quarter. CoreCap Advisors LLC raised its stake in iShares Core 40/60 Moderate Allocation ETF by 6.8% in the fourth quarter. CoreCap Advisors LLC now owns 4,314 shares of the company’s stock worth $206,000 after buying an additional 274 shares in the last quarter. Legacy Financial Group LLC raised its stake 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 worth $808,000 after buying an additional 480 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in iShares Core 40/60 Moderate Allocation ETF in the fourth quarter worth about $28,000. Finally, American Trust raised its stake in iShares Core 40/60 Moderate Allocation ETF by 0.6% in the third quarter. American Trust now owns 98,698 shares of the company’s stock worth $4,696,000 after buying an additional 613 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.