iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Reaches New 52-Week High – Here’s Why

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) shares hit a new 52-week high on Thursday . The company traded as high as $41.42 and last traded at $41.32, with a volume of 6595 shares. The stock had previously closed at $41.31.

iShares Core 30/70 Conservative Allocation ETF Stock Performance

The stock has a 50 day moving average of $40.47 and a two-hundred day moving average of $40.52. The stock has a market cap of $762.72 million, a PE ratio of 19.61 and a beta of 0.45.

Hedge Funds Weigh In On iShares Core 30/70 Conservative Allocation ETF

A number of institutional investors have recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV increased its stake in iShares Core 30/70 Conservative Allocation ETF by 3.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 14,975 shares of the company’s stock worth $601,000 after purchasing an additional 448 shares in the last quarter. Legacy Financial Group LLC grew its stake in iShares Core 30/70 Conservative Allocation ETF by 7.7% during the 4th quarter. Legacy Financial Group LLC now owns 9,191 shares of the company’s stock valued at $373,000 after acquiring an additional 660 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in iShares Core 30/70 Conservative Allocation ETF during the 4th quarter valued at about $30,000. Root Financial Partners LLC purchased a new position in iShares Core 30/70 Conservative Allocation ETF during the 3rd quarter valued at about $33,000. Finally, NewEdge Advisors LLC grew its stake in iShares Core 30/70 Conservative Allocation ETF by 59.9% during the 3rd quarter. NewEdge Advisors LLC now owns 3,270 shares of the company’s stock valued at $131,000 after acquiring an additional 1,225 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.