iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Sees Strong Trading Volume – What’s Next?

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) saw unusually-strong trading volume on Wednesday . Approximately 771,540 shares were traded during trading, an increase of 550% from the previous session’s volume of 118,639 shares.The stock last traded at $37.73 and had previously closed at $37.68.

iShares Core 30/70 Conservative Allocation ETF Stock Performance

The firm has a fifty day moving average price of $37.74 and a 200 day moving average price of $37.93. The stock has a market cap of $599.61 million, a PE ratio of 20.59 and a beta of 0.45.

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

Hedge funds have recently made changes to their positions in the company. Congress Asset Management Co. grew its position in iShares Core 30/70 Conservative Allocation ETF by 224.0% during the 4th quarter. Congress Asset Management Co. now owns 166,004 shares of the company’s stock worth $6,192,000 after purchasing an additional 114,767 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of iShares Core 30/70 Conservative Allocation ETF by 3.7% during the 4th quarter. Ameriprise Financial Inc. now owns 72,324 shares of the company’s stock worth $2,698,000 after acquiring an additional 2,588 shares in the last quarter. United Capital Financial Advisors LLC purchased a new stake in shares of iShares Core 30/70 Conservative Allocation ETF during the 4th quarter worth about $1,563,000. BlueStem Wealth Partners LLC purchased a new stake in shares of iShares Core 30/70 Conservative Allocation ETF during the 4th quarter worth about $1,436,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of iShares Core 30/70 Conservative Allocation ETF during the 4th quarter worth about $1,412,000.

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.