iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM) Stock Price Cross Below Two Hundred Day Moving Average – Here’s Why

iShares Core 40/60 Moderate Allocation ETF (NYSEARCA:AOM)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $48.95 and traded as low as $48.58. iShares Core 40/60 Moderate Allocation ETF shares last traded at $48.74, with a volume of 447,087 shares traded.

iShares Core 40/60 Moderate Allocation ETF Trading Down 0.6%

The stock’s 50 day moving average is $49.15 and its 200 day moving average is $48.95. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 19.75 and a beta of 0.52.

Institutional Trading of iShares Core 40/60 Moderate Allocation ETF

Institutional investors and hedge funds have recently modified their holdings of the business. WestEnd Advisors LLC purchased a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the 3rd quarter worth approximately $600,000. Root Financial Partners LLC acquired a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the 3rd quarter worth approximately $143,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares Core 40/60 Moderate Allocation ETF during the 3rd quarter worth approximately $207,000. Compass Financial Management LLC purchased a new stake in iShares Core 40/60 Moderate Allocation ETF in the 2nd quarter valued at approximately $288,000. Finally, Comprehensive Financial Planning Inc. PA lifted its stake in iShares Core 40/60 Moderate Allocation ETF by 48.8% in the 2nd quarter. Comprehensive Financial Planning Inc. PA now owns 1,795 shares of the company’s stock valued at $90,000 after buying an additional 589 shares in the last quarter.

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.