iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Sees Unusually-High Trading Volume – Here’s What Happened

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) shares saw an uptick in trading volume on Wednesday . 315,822 shares were traded during mid-day trading, an increase of 99% from the previous session’s volume of 159,017 shares.The stock last traded at $50.06 and had previously closed at $49.94.

iShares Core 40/60 Moderate Allocation ETF Price Performance

The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 19.75 and a beta of 0.51. The company’s 50-day moving average is $49.11 and its 200-day moving average is $48.48.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AOM. Jones Financial Companies Lllp lifted its position in iShares Core 40/60 Moderate Allocation ETF by 44.2% during the first quarter. Jones Financial Companies Lllp now owns 11,977 shares of the company’s stock valued at $576,000 after buying an additional 3,670 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 148.3% during the second quarter. JPMorgan Chase & Co. now owns 45,472 shares of the company’s stock valued at $2,094,000 after purchasing an additional 27,156 shares during the period. Ameriprise Financial Inc. raised its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 281,931 shares of the company’s stock valued at $12,995,000 after purchasing an additional 17,790 shares during the period. Captrust Financial Advisors raised its stake in shares of iShares Core 40/60 Moderate Allocation ETF by 176.3% during the second quarter. Captrust Financial Advisors now owns 24,917 shares of the company’s stock valued at $1,147,000 after purchasing an additional 15,899 shares during the period. Finally, Evensky & Katz LLC purchased a new stake in shares of iShares Core 40/60 Moderate Allocation ETF during the third quarter valued at approximately $237,000.

About iShares Core 40/60 Moderate Allocation ETF

iShares Moderate Allocation ETF, formerly iShares S&P Moderate 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 Moderate Index (the Moderate Allocation Index). The Moderate Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a moderate risk profile. The Fund is designed for investors seeking current income, some capital preservation and an opportunity for moderate to low capital appreciation.