iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Reaches New 52-Week High – Should You Buy?

iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $69.92 and last traded at $69.84, with a volume of 39016 shares traded. The stock had previously closed at $69.12.

iShares Core 60/40 Balanced Allocation ETF Stock Up 1.1%

The company has a 50 day moving average of $67.86 and a two-hundred day moving average of $66.48. The firm has a market cap of $3.59 billion, a P/E ratio of 19.83 and a beta of 0.64.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AOR. NewEdge Advisors LLC grew its holdings in iShares Core 60/40 Balanced Allocation ETF by 10.2% during the first quarter. NewEdge Advisors LLC now owns 9,254 shares of the company’s stock worth $533,000 after acquiring an additional 857 shares during the period. Ameriprise Financial Inc. grew its holdings in iShares Core 60/40 Balanced Allocation ETF by 8.9% during the second quarter. Ameriprise Financial Inc. now owns 42,885 shares of the company’s stock worth $2,641,000 after acquiring an additional 3,522 shares during the period. Captrust Financial Advisors grew its holdings in iShares Core 60/40 Balanced Allocation ETF by 8.6% during the second quarter. Captrust Financial Advisors now owns 28,754 shares of the company’s stock worth $1,770,000 after acquiring an additional 2,276 shares during the period. GGM Financials LLC acquired a new position in iShares Core 60/40 Balanced Allocation ETF during the third quarter worth about $26,000. Finally, BlueStem Wealth Partners LLC grew its holdings in iShares Core 60/40 Balanced Allocation ETF by 0.6% during the third quarter. BlueStem Wealth Partners LLC now owns 69,392 shares of the company’s stock worth $4,467,000 after acquiring an additional 397 shares during the period.

iShares Core 60/40 Balanced Allocation ETF Company Profile

iShares Growth Allocation ETF, formerly iShares S&P Growth Allocation Fund (the Fund), is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Target Risk Growth Index (the Growth Allocation Index). The Growth Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a growth-focused risk profile. The Fund is designed for investors seeking moderate capital appreciation and opportunity for current income and capital preservation.