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

iShares Core 60/40 Balanced Allocation ETF (NYSEARCA:AOR)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $69.98 and last traded at $69.97, with a volume of 205290 shares changing hands. The stock had previously closed at $69.06.

iShares Core 60/40 Balanced Allocation ETF Price Performance

The stock has a market capitalization of $3.71 billion, a PE ratio of 19.83 and a beta of 0.64. The firm has a fifty day moving average price of $68.94 and a two-hundred day moving average price of $67.36.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its position 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 buying an additional 857 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in iShares Core 60/40 Balanced Allocation ETF by 8.9% in the second quarter. Ameriprise Financial Inc. now owns 42,885 shares of the company’s stock worth $2,641,000 after acquiring an additional 3,522 shares in the last quarter. Captrust Financial Advisors boosted its holdings in iShares Core 60/40 Balanced Allocation ETF by 8.6% in the second quarter. Captrust Financial Advisors now owns 28,754 shares of the company’s stock worth $1,770,000 after acquiring an additional 2,276 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of iShares Core 60/40 Balanced Allocation ETF by 23.3% during the third quarter. Parallel Advisors LLC now owns 3,494 shares of the company’s stock worth $225,000 after acquiring an additional 660 shares during the last quarter. Finally, United Capital Financial Advisors LLC grew its stake in shares of iShares Core 60/40 Balanced Allocation ETF by 2.6% during the third quarter. United Capital Financial Advisors LLC now owns 19,976 shares of the company’s stock worth $1,286,000 after acquiring an additional 511 shares during 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.