iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Hits New 1-Year High – Here’s What Happened

Shares of iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $41.12 and last traded at $41.1050, with a volume of 55302 shares. The stock had previously closed at $41.03.

iShares Core 30/70 Conservative Allocation ETF Stock Performance

The business’s 50 day simple moving average is $40.59 and its 200-day simple moving average is $40.24. The company has a market cap of $740.41 million, a price-to-earnings ratio of 19.61 and a beta of 0.45.

Institutional Investors Weigh In On iShares Core 30/70 Conservative Allocation ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its holdings in shares of iShares Core 30/70 Conservative Allocation ETF by 15.0% during the 4th quarter. Integrated Wealth Concepts LLC now owns 19,929 shares of the company’s stock valued at $800,000 after buying an additional 2,602 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in iShares Core 30/70 Conservative Allocation ETF during the fourth quarter valued at approximately $1,041,000. Waterloo Capital L.P. lifted its stake in iShares Core 30/70 Conservative Allocation ETF by 157.7% in the fourth quarter. Waterloo Capital L.P. now owns 36,058 shares of the company’s stock valued at $1,447,000 after acquiring an additional 22,065 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in iShares Core 30/70 Conservative Allocation ETF by 3.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 14,975 shares of the company’s stock valued at $601,000 after acquiring an additional 448 shares during the last quarter. Finally, Legacy Financial Group LLC grew its position in iShares Core 30/70 Conservative Allocation ETF by 7.7% in the fourth quarter. Legacy Financial Group LLC now owns 9,191 shares of the company’s stock worth $373,000 after acquiring an additional 660 shares in the last quarter.

About iShares Core 30/70 Conservative Allocation ETF

iShares Conservative Allocation ETF, formerly iShares S&P Conservative 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 Conservative Index (the Conservative Allocation Index). The Conservative Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a conservative risk profile. The Fund is designed for investors seeking current income and capital preservation.