iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Hits New 12-Month High – Time to Buy?

Shares of iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) reached a new 52-week high on Monday . The company traded as high as $49.14 and last traded at $48.9890, with a volume of 14541 shares traded. The stock had previously closed at $49.10.

iShares Core 40/60 Moderate Allocation ETF Price Performance

The firm’s fifty day moving average is $48.35 and its 200-day moving average is $47.76. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 19.75 and a beta of 0.52.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AOM. Flagship Harbor Advisors LLC purchased a new stake in iShares Core 40/60 Moderate Allocation ETF in the 4th quarter worth about $28,000. Painted Porch Advisors LLC purchased a new position in iShares Core 40/60 Moderate Allocation ETF during the 3rd quarter valued at about $51,000. Vermillion & White Wealth Management Group LLC increased its holdings 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 valued at $68,000 after purchasing an additional 1,397 shares during the period. Strategic Advocates LLC purchased a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the third quarter worth approximately $135,000. Finally, Root Financial Partners LLC purchased a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the third quarter worth approximately $139,000.

About iShares Core 40/60 Moderate Allocation ETF

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.