iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Hits New 1-Year High – Here’s Why

iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $66.10 and last traded at $66.12, with a volume of 131493 shares trading hands. The stock had previously closed at $66.01.

iShares Core 60/40 Balanced Allocation ETF Price Performance

The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 19.83 and a beta of 0.65. The company’s fifty day simple moving average is $65.11 and its two-hundred day simple moving average is $63.76.

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

Several large investors have recently added to or reduced their stakes in the business. GGM Financials LLC purchased a new position in shares of iShares Core 60/40 Balanced Allocation ETF during the third quarter valued at approximately $26,000. ST Germain D J Co. Inc. bought a new position in iShares Core 60/40 Balanced Allocation ETF during the 2nd quarter valued at $58,000. Ransom Advisory Ltd bought a new position in iShares Core 60/40 Balanced Allocation ETF during the 4th quarter valued at $65,000. Parallel Advisors LLC boosted its holdings in iShares Core 60/40 Balanced Allocation ETF by 23.3% during the 3rd quarter. Parallel Advisors LLC now owns 3,494 shares of the company’s stock worth $225,000 after acquiring an additional 660 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC purchased a new position in iShares Core 60/40 Balanced Allocation ETF during the 3rd quarter worth $250,000.

iShares Core 60/40 Balanced Allocation ETF Company Profile

iShares Growth Allocation ETF, formerly iShares S&P Growth Allocation Fund (the Fund), is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Target Risk Growth Index (the Growth Allocation Index). The Growth Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a growth-focused risk profile. The Fund is designed for investors seeking moderate capital appreciation and opportunity for current income and capital preservation.