iShares Core Aggressive Allocation ETF (NYSEARCA:AOA) Sees Large Volume Increase – Still a Buy?

Shares of iShares Core Aggressive Allocation ETF (NYSEARCA:AOA) saw strong trading volume on Thursday . 87,010 shares were traded during mid-day trading, a decline of 8% from the previous session’s volume of 94,619 shares.The stock last traded at $76.93 and had previously closed at $76.61.

iShares Core Aggressive Allocation ETF Price Performance

The business has a 50 day simple moving average of $78.23 and a 200 day simple moving average of $77.00. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 17.85 and a beta of 0.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Weitzel Financial Services Inc. raised its stake in shares of iShares Core Aggressive Allocation ETF by 17.8% in the second quarter. Weitzel Financial Services Inc. now owns 3,374 shares of the company’s stock worth $252,000 after acquiring an additional 510 shares during the last quarter. Strategic Advocates LLC raised its position in iShares Core Aggressive Allocation ETF by 6.5% in the 3rd quarter. Strategic Advocates LLC now owns 25,475 shares of the company’s stock worth $2,010,000 after purchasing an additional 1,556 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in iShares Core Aggressive Allocation ETF during the 3rd quarter worth $28,000. RFP Financial Group LLC boosted its position in iShares Core Aggressive Allocation ETF by 9.7% in the 3rd quarter. RFP Financial Group LLC now owns 5,716 shares of the company’s stock valued at $451,000 after buying an additional 506 shares during the last quarter. Finally, Eastern Bank bought a new position in iShares Core Aggressive Allocation ETF in the 3rd quarter valued at $34,000.

iShares Core Aggressive Allocation ETF Company Profile

iShares Aggressive Allocation ETF (the Fund), formerly iShares S&P Aggressive Allocation Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Target Risk Aggressive Index (the Aggressive Allocation Index). The Aggressive Allocation Index seeks to measure the performance of an asset allocation strategy targeted to an aggressive risk profile.