iShares Core Moderate Allocation ETF (NYSEARCA:AOM) Sees Large Volume Increase – Here’s Why

iShares Core Moderate Allocation ETF (NYSEARCA:AOM) shares saw unusually-strong trading volume on Tuesday . Approximately 226,833 shares were traded during mid-day trading, an increase of 73% from the previous session’s volume of 131,178 shares.The stock last traded at $43.67 and had previously closed at $43.50.

iShares Core Moderate Allocation ETF Trading Up 0.6 %

The stock has a 50 day moving average price of $44.38 and a 200 day moving average price of $44.00. The company has a market capitalization of $1.42 billion, a P/E ratio of 16.61 and a beta of 0.47.

Hedge Funds Weigh In On iShares Core Moderate Allocation ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aptus Capital Advisors LLC increased its position in shares of iShares Core Moderate Allocation ETF by 502.7% during the third quarter. Aptus Capital Advisors LLC now owns 669 shares of the company’s stock worth $30,000 after acquiring an additional 558 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in iShares Core Moderate Allocation ETF during the second quarter worth about $29,000. Sunbelt Securities Inc. increased its position in shares of iShares Core Moderate Allocation ETF by 19.2% during the third quarter. Sunbelt Securities Inc. now owns 2,450 shares of the company’s stock valued at $111,000 after acquiring an additional 395 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in shares of iShares Core Moderate Allocation ETF during the 3rd quarter valued at $137,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of iShares Core Moderate Allocation ETF in the 3rd quarter worth approximately $194,000.

iShares Core Moderate Allocation ETF Company Profile

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.