iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Reaches New 52-Week High – Still a Buy?

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) hit a new 52-week high during trading on Thursday . The company traded as high as $49.59 and last traded at $49.58, with a volume of 31775 shares changing hands. The stock had previously closed at $49.43.

iShares Core 40/60 Moderate Allocation ETF Trading Down 1.0%

The firm has a 50-day simple moving average of $48.22 and a two-hundred day simple moving average of $48.20. The stock has a market cap of $1.73 billion, a P/E ratio of 19.75 and a beta of 0.51.

Institutional Trading of iShares Core 40/60 Moderate Allocation ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Godshalk Welsh Capital Management Inc. lifted its holdings in iShares Core 40/60 Moderate Allocation ETF by 24.9% during the first quarter. Godshalk Welsh Capital Management Inc. now owns 27,224 shares of the company’s stock worth $1,290,000 after acquiring an additional 5,425 shares during the period. Cornerstone Planning Group LLC grew its stake in iShares Core 40/60 Moderate Allocation ETF by 71.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 6,645 shares of the company’s stock valued at $326,000 after purchasing an additional 2,779 shares during the period. Weitzel Financial Services Inc. increased its position in shares of iShares Core 40/60 Moderate Allocation ETF by 3.9% during the 1st quarter. Weitzel Financial Services Inc. now owns 313,078 shares of the company’s stock valued at $14,846,000 after purchasing an additional 11,814 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in shares of iShares Core 40/60 Moderate Allocation ETF during the 1st quarter valued at $53,000. Finally, Venturi Wealth Management LLC raised its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 5.2% during the 1st quarter. Venturi Wealth Management LLC now owns 5,039 shares of the company’s stock worth $239,000 after purchasing an additional 251 shares during the period.

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.