iShares Core Conservative Allocation ETF (NYSEARCA:AOK) Sees Strong Trading Volume

iShares Core Conservative Allocation ETF (NYSEARCA:AOK) saw an uptick in trading volume on Monday . 167,034 shares changed hands during trading, an increase of 77% from the previous session’s volume of 94,398 shares.The stock last traded at $37.94 and had previously closed at $37.84.

iShares Core Conservative Allocation ETF Price Performance

The stock’s fifty day simple moving average is $37.20 and its 200-day simple moving average is $36.64. The firm has a market cap of $621.14 million, a PE ratio of 16.35 and a beta of 0.40.

Institutional Trading of iShares Core Conservative Allocation ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Congress Asset Management Co. MA grew its position in shares of iShares Core Conservative Allocation ETF by 262.3% in the fourth quarter. Congress Asset Management Co. MA now owns 129,735 shares of the company’s stock valued at $4,690,000 after purchasing an additional 93,930 shares during the period. Comerica Bank raised its stake in iShares Core Conservative Allocation ETF by 986.0% during the fourth quarter. Comerica Bank now owns 40,355 shares of the company’s stock worth $1,459,000 after purchasing an additional 36,639 shares during the period. Rothschild Investment LLC purchased a new position in iShares Core Conservative Allocation ETF during the second quarter worth about $1,095,000. Janney Montgomery Scott LLC raised its stake in iShares Core Conservative Allocation ETF by 189.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 27,824 shares of the company’s stock worth $1,006,000 after purchasing an additional 18,199 shares during the period. Finally, Waterloo Capital L.P. raised its stake in iShares Core Conservative Allocation ETF by 122.5% during the fourth quarter. Waterloo Capital L.P. now owns 18,394 shares of the company’s stock worth $665,000 after purchasing an additional 10,127 shares during the period.

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.