iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Sees Large Volume Increase – Still a Buy?

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) shares saw unusually-strong trading volume on Wednesday . Approximately 123,279 shares traded hands during trading, a decline of 8% from the previous session’s volume of 133,387 shares.The stock last traded at $40.45 and had previously closed at $40.45.

iShares Core 30/70 Conservative Allocation ETF Trading Up 0.3%

The firm has a market cap of $691.46 million, a P/E ratio of 19.61 and a beta of 0.45. The company’s fifty day moving average price is $40.27 and its two-hundred day moving average price is $39.38.

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

Several large investors have recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in iShares Core 30/70 Conservative Allocation ETF by 3,663.4% during the first quarter. Jones Financial Companies Lllp now owns 24,161 shares of the company’s stock worth $909,000 after purchasing an additional 23,519 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in shares of iShares Core 30/70 Conservative Allocation ETF during the 2nd quarter worth $29,000. Transcendent Capital Group LLC bought a new position in iShares Core 30/70 Conservative Allocation ETF in the 2nd quarter valued at approximately $230,000. Creative Financial Designs Inc. ADV increased its position in iShares Core 30/70 Conservative Allocation ETF by 5.5% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 9,084 shares of the company’s stock valued at $355,000 after acquiring an additional 475 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in iShares Core 30/70 Conservative Allocation ETF in the second quarter valued at approximately $103,000.

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.