iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Sets New 1-Year High – Should You Buy?

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $40.51 and last traded at $40.51, with a volume of 115977 shares changing hands. The stock had previously closed at $40.33.

iShares Core 30/70 Conservative Allocation ETF Stock Performance

The stock has a 50-day moving average of $39.88 and a two-hundred day moving average of $38.77. The company has a market cap of $670.44 million, a P/E ratio of 19.61 and a beta of 0.38.

Institutional Investors Weigh In On iShares Core 30/70 Conservative Allocation ETF

A number of institutional investors have recently made changes to their positions in AOK. Jones Financial Companies Lllp raised its position in iShares Core 30/70 Conservative Allocation ETF by 3,663.4% in the 1st quarter. Jones Financial Companies Lllp now owns 24,161 shares of the company’s stock worth $909,000 after purchasing an additional 23,519 shares during the period. Transcendent Capital Group LLC purchased a new position in shares of iShares Core 30/70 Conservative Allocation ETF in the second quarter worth about $230,000. Golden State Wealth Management LLC purchased a new position in shares of iShares Core 30/70 Conservative Allocation ETF in the second quarter worth about $103,000. Waterloo Capital L.P. lifted its stake in shares of iShares Core 30/70 Conservative Allocation ETF by 17.8% in the 2nd quarter. Waterloo Capital L.P. now owns 10,664 shares of the company’s stock valued at $417,000 after acquiring an additional 1,610 shares during the last quarter. Finally, TD Private Client Wealth LLC purchased a new stake in iShares Core 30/70 Conservative Allocation ETF during the 2nd quarter valued at about $29,000.

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.