iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Hits New 52-Week High – Here’s What Happened

iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) shares reached a new 52-week high on Wednesday . The company traded as high as $67.53 and last traded at $67.4470, with a volume of 54193 shares trading hands. The stock had previously closed at $67.29.

iShares Core 60/40 Balanced Allocation ETF Price Performance

The stock has a 50-day moving average price of $66.23 and a 200-day moving average price of $64.92. The firm has a market capitalization of $3.22 billion, a PE ratio of 19.83 and a beta of 0.65.

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

Institutional investors have recently made changes to their positions in the stock. Worth Asset Management LLC grew its position in shares of iShares Core 60/40 Balanced Allocation ETF by 67.4% during the third quarter. Worth Asset Management LLC now owns 637,764 shares of the company’s stock worth $41,059,000 after acquiring an additional 256,702 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in iShares Core 60/40 Balanced Allocation ETF by 292.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 108,561 shares of the company’s stock worth $7,058,000 after acquiring an additional 80,917 shares during the period. Integrated Investment Consultants LLC increased its stake in iShares Core 60/40 Balanced Allocation ETF by 23.6% during the 2nd quarter. Integrated Investment Consultants LLC now owns 367,598 shares of the company’s stock valued at $22,633,000 after buying an additional 70,304 shares during the period. JPMorgan Chase & Co. lifted its position in iShares Core 60/40 Balanced Allocation ETF by 5.8% in the second quarter. JPMorgan Chase & Co. now owns 717,742 shares of the company’s stock worth $44,191,000 after purchasing an additional 39,188 shares during the period. Finally, WestEnd Advisors LLC boosted its stake in iShares Core 60/40 Balanced Allocation ETF by 184.4% during the fourth quarter. WestEnd Advisors LLC now owns 49,946 shares of the company’s stock valued at $3,247,000 after buying an additional 32,386 shares in the last quarter.

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.