iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sets New 52-Week High – Here’s Why

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $50.06 and last traded at $50.05, with a volume of 8334 shares. The stock had previously closed at $49.65.

iShares Core 40/60 Moderate Allocation ETF Price Performance

The firm’s 50 day moving average is $49.00 and its 200 day moving average is $48.45. The firm has a market cap of $1.76 billion, a P/E ratio of 19.75 and a beta of 0.51.

Institutional Trading of iShares Core 40/60 Moderate Allocation ETF

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

iShares Core 40/60 Moderate Allocation ETF Company Profile

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.