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

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) shares saw an uptick in trading volume on Friday. Approximately 408,500 shares changed hands during trading, an increase of 118% from the previous session’s volume of 187,587 shares. The stock last traded at $48.6210 and had previously closed at $48.77.

iShares Core 40/60 Moderate Allocation ETF Trading Down 0.3%

The company has a market capitalization of $1.88 billion, a PE ratio of 19.75 and a beta of 0.51. The firm has a 50 day simple moving average of $49.48 and a two-hundred day simple moving average of $49.11.

Hedge Funds Weigh In On iShares Core 40/60 Moderate Allocation ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of AOM. Leo H. Evart Inc. acquired a new position in iShares Core 40/60 Moderate Allocation ETF in the 2nd quarter valued at $35,000. Tsfg LLC acquired a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the 2nd quarter worth $53,000. Ascentis Independent Advisors acquired a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the 1st quarter worth $53,000. Comprehensive Financial Planning Inc. PA boosted its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 48.8% in the second quarter. Comprehensive Financial Planning Inc. PA now owns 1,795 shares of the company’s stock valued at $90,000 after acquiring an additional 589 shares in the last quarter. Finally, United Community Bank boosted its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 285.0% in the second quarter. United Community Bank now owns 1,925 shares of the company’s stock valued at $96,000 after acquiring an additional 1,425 shares in the last quarter.

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.