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

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) shares saw strong trading volume on Thursday . 602,576 shares were traded during mid-day trading, an increase of 278% from the previous session’s volume of 159,463 shares.The stock last traded at $47.73 and had previously closed at $48.11.

iShares Core 40/60 Moderate Allocation ETF Trading Down 0.8%

The company has a market cap of $1.66 billion, a PE ratio of 19.75 and a beta of 0.52. The firm’s fifty day moving average is $48.49 and its 200 day moving average is $47.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC acquired a new stake in iShares Core 40/60 Moderate Allocation ETF in the 4th quarter worth about $28,000. Painted Porch Advisors LLC acquired a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the third quarter worth approximately $51,000. Vermillion & White Wealth Management Group LLC increased its position in shares of iShares Core 40/60 Moderate Allocation ETF by 4,656.7% during the fourth 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 in the last quarter. Strategic Advocates LLC purchased a new stake in shares of iShares Core 40/60 Moderate Allocation ETF during the third quarter worth approximately $135,000. Finally, Root Financial Partners LLC acquired a new position in iShares Core 40/60 Moderate Allocation ETF in the 3rd quarter valued at $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.