iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR) Sets New 12-Month High – Time to Buy?

iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $69.36 and last traded at $69.36, with a volume of 16421 shares changing hands. The stock had previously closed at $68.79.

iShares Core 60/40 Balanced Allocation ETF Trading Up 0.7%

The firm’s 50-day simple moving average is $66.51 and its 200-day simple moving average is $66.03. The company has a market capitalization of $3.56 billion, a PE ratio of 19.83 and a beta of 0.65.

Institutional Investors Weigh In On iShares Core 60/40 Balanced Allocation ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of AOR. NewEdge Advisors LLC increased its stake in iShares Core 60/40 Balanced Allocation ETF by 10.2% during the 1st quarter. NewEdge Advisors LLC now owns 9,254 shares of the company’s stock valued at $533,000 after purchasing an additional 857 shares in the last quarter. Ameriprise Financial Inc. increased its stake in iShares Core 60/40 Balanced Allocation ETF by 8.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 42,885 shares of the company’s stock valued at $2,641,000 after purchasing an additional 3,522 shares in the last quarter. Captrust Financial Advisors increased its stake in iShares Core 60/40 Balanced Allocation ETF by 8.6% during the 2nd quarter. Captrust Financial Advisors now owns 28,754 shares of the company’s stock valued at $1,770,000 after purchasing an additional 2,276 shares in the last quarter. Golden State Wealth Management LLC increased its stake in iShares Core 60/40 Balanced Allocation ETF by 32.8% during the 3rd quarter. Golden State Wealth Management LLC now owns 10,722 shares of the company’s stock valued at $690,000 after purchasing an additional 2,651 shares in the last quarter. Finally, Transcendent Capital Group LLC acquired a new position in iShares Core 60/40 Balanced Allocation ETF during the 3rd quarter valued at approximately $311,000.

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.