iShares Core Conservative Allocation ETF (NYSEARCA:AOK) Hits New 52-Week High – What’s Next?

iShares Core Conservative Allocation ETF (NYSEARCA:AOK) hit a new 52-week high during trading on Tuesday . The company traded as high as $39.00 and last traded at $39.00, with a volume of 1418 shares traded. The stock had previously closed at $38.11.

iShares Core Conservative Allocation ETF Stock Performance

The business’s 50 day moving average price is $38.07 and its 200 day moving average price is $37.77. The firm has a market cap of $613.78 million, a price-to-earnings ratio of 16.35 and a beta of 0.40.

Institutional Investors Weigh In On iShares Core Conservative Allocation ETF

A number of institutional investors have recently added to or reduced their stakes in AOK. Rothschild Investment LLC acquired a new position in iShares Core Conservative Allocation ETF in the 2nd quarter valued at $1,095,000. Integrated Wealth Concepts LLC purchased a new stake in iShares Core Conservative Allocation ETF during the 3rd quarter valued at about $409,000. Creative Financial Designs Inc. ADV lifted its stake in iShares Core Conservative Allocation ETF by 29.8% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 8,404 shares of the company’s stock worth $325,000 after purchasing an additional 1,931 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of iShares Core Conservative Allocation ETF by 97,100.0% in the third quarter. Farther Finance Advisors LLC now owns 972 shares of the company’s stock valued at $38,000 after purchasing an additional 971 shares during the last quarter.

About iShares Core Conservative Allocation ETF

iShares Conservative Allocation ETF, formerly iShares S&P Conservative 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 Conservative Index (the Conservative Allocation Index). The Conservative Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a conservative risk profile.