iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sees Unusually-High Trading Volume – Time to Buy?

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) saw an uptick in trading volume on Monday . 246,281 shares changed hands during mid-day trading, an increase of 84% from the previous session’s volume of 133,610 shares.The stock last traded at $41.95 and had previously closed at $42.33.

iShares Core 40/60 Moderate Allocation ETF Stock Down 1.3 %

The company has a fifty day simple moving average of $44.12 and a 200-day simple moving average of $44.20. The firm has a market cap of $1.38 billion, a P/E ratio of 20.52 and a beta of 0.50.

Hedge Funds Weigh In On iShares Core 40/60 Moderate Allocation ETF

Hedge funds have recently made changes to their positions in the business. Bellwether Advisors LLC bought a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the fourth quarter worth $31,000. Assetmark Inc. boosted its holdings in shares of iShares Core 40/60 Moderate Allocation ETF by 118.6% during the 4th quarter. Assetmark Inc. now owns 765 shares of the company’s stock valued at $33,000 after purchasing an additional 415 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the fourth quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of iShares Core 40/60 Moderate Allocation ETF in the fourth quarter worth about $51,000. Finally, Farther Finance Advisors LLC lifted its position in shares of iShares Core 40/60 Moderate Allocation ETF by 551.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,172 shares of the company’s stock worth $51,000 after buying an additional 992 shares in the last quarter.

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.