Kovack Advisors Inc. Reduces Stock Position in iShares Core Moderate Allocation ETF (NYSEARCA:AOM)

Kovack Advisors Inc. trimmed its position in iShares Core Moderate Allocation ETF (NYSEARCA:AOM) by 13.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,915 shares of the company’s stock after selling 923 shares during the period. Kovack Advisors Inc.’s holdings in iShares Core Moderate Allocation ETF were worth $246,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Life Planning Partners Inc acquired a new position in iShares Core Moderate Allocation ETF in the fourth quarter valued at $30,000. Castleview Partners LLC purchased a new stake in iShares Core Moderate Allocation ETF in the 3rd quarter valued at about $34,000. Tennessee Valley Asset Management Partners acquired a new position in shares of iShares Core Moderate Allocation ETF during the 4th quarter valued at about $37,000. PNC Financial Services Group Inc. lifted its holdings in shares of iShares Core Moderate Allocation ETF by 29.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,404 shares of the company’s stock worth $55,000 after acquiring an additional 317 shares during the period. Finally, RFP Financial Group LLC boosted its position in shares of iShares Core Moderate Allocation ETF by 487.4% in the third quarter. RFP Financial Group LLC now owns 2,150 shares of the company’s stock worth $84,000 after acquiring an additional 1,784 shares during the last quarter.

iShares Core Moderate Allocation ETF Stock Performance

iShares Core Moderate Allocation ETF stock opened at $41.76 on Tuesday. iShares Core Moderate Allocation ETF has a 1 year low of $37.72 and a 1 year high of $42.83. The firm has a 50 day moving average price of $42.07 and a 200 day moving average price of $41.02. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 16.50 and a beta of 0.45.

iShares Core Moderate Allocation ETF 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.