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

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $41.63 and last traded at $41.57, with a volume of 10742 shares. The stock had previously closed at $41.32.

iShares Core 30/70 Conservative Allocation ETF Stock Performance

The company’s fifty day moving average price is $41.03 and its 200-day moving average price is $40.69. The stock has a market cap of $766.23 million, a P/E ratio of 19.61 and a beta of 0.45.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. lifted its holdings in iShares Core 30/70 Conservative Allocation ETF by 127.9% during the 1st quarter. Sunbelt Securities Inc. now owns 816 shares of the company’s stock valued at $33,000 after buying an additional 458 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in iShares Core 30/70 Conservative Allocation ETF during the 4th quarter valued at about $15,600,000. Integrated Wealth Concepts LLC lifted its holdings in iShares Core 30/70 Conservative Allocation ETF by 15.0% during the 4th quarter. Integrated Wealth Concepts LLC now owns 19,929 shares of the company’s stock valued at $800,000 after buying an additional 2,602 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in iShares Core 30/70 Conservative Allocation ETF during the 4th quarter valued at about $1,041,000. Finally, Waterloo Capital L.P. lifted its holdings in iShares Core 30/70 Conservative Allocation ETF by 157.7% during the 4th quarter. Waterloo Capital L.P. now owns 36,058 shares of the company’s stock valued at $1,447,000 after buying an additional 22,065 shares in the last quarter.

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. The Fund is designed for investors seeking current income and capital preservation.