iShares Core Conservative Allocation ETF (NYSEARCA:AOK) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares Core Conservative Allocation ETF (NYSEARCA:AOK) saw unusually-high trading volume on Thursday . Approximately 969,112 shares changed hands during mid-day trading, an increase of 257% from the previous session’s volume of 271,093 shares.The stock last traded at $37.39 and had previously closed at $37.33.

iShares Core Conservative Allocation ETF Stock Up 0.2 %

The stock’s 50 day moving average is $37.74 and its two-hundred day moving average is $37.82. The company has a market capitalization of $612.14 million, a PE ratio of 16.35 and a beta of 0.40.

Hedge Funds Weigh In On iShares Core Conservative Allocation ETF

A number of hedge funds and other institutional investors have recently modified their holdings of AOK. Janney Montgomery Scott LLC purchased a new stake in iShares Core Conservative Allocation ETF during the fourth quarter worth $1,412,000. Janney Capital Management LLC purchased a new stake in shares of iShares Core Conservative Allocation ETF during the 4th quarter worth $668,000. Fortitude Family Office LLC purchased a new position in iShares Core Conservative Allocation ETF in the fourth quarter valued at about $622,000. Integrated Wealth Concepts LLC purchased a new position in iShares Core Conservative Allocation ETF in the third quarter valued at about $409,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in iShares Core Conservative Allocation ETF by 29.8% in the third 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.

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.