iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Sees Unusually-High Trading Volume – Time to Buy?

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) shares saw an uptick in trading volume on Monday . 249,756 shares changed hands during trading, an increase of 82% from the previous session’s volume of 137,605 shares.The stock last traded at $40.3950 and had previously closed at $40.41.

iShares Core 30/70 Conservative Allocation ETF Stock Performance

The stock’s fifty day moving average price is $40.41 and its two-hundred day moving average price is $39.75. The company has a market cap of $688.73 million, a P/E ratio of 19.61 and a beta of 0.45.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its stake in shares of 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 buying an additional 23,519 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of iShares Core 30/70 Conservative Allocation ETF during the second quarter valued at about $29,000. Transcendent Capital Group LLC bought a new stake in shares of iShares Core 30/70 Conservative Allocation ETF during the second quarter worth about $230,000. Creative Financial Designs Inc. ADV increased its stake in shares of iShares Core 30/70 Conservative Allocation ETF by 5.5% in the second quarter. Creative Financial Designs Inc. ADV now owns 9,084 shares of the company’s stock valued at $355,000 after buying an additional 475 shares during the period. Finally, Golden State Wealth Management LLC bought a new position in iShares Core 30/70 Conservative Allocation ETF in the 2nd quarter valued at approximately $103,000.

iShares Core 30/70 Conservative Allocation ETF Company Profile

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.