iShares Core Growth Allocation ETF (NYSEARCA:AOR) Sees Unusually-High Trading Volume – Still a Buy?

iShares Core Growth Allocation ETF (NYSEARCA:AOR) saw unusually-strong trading volume on Monday . Approximately 1,140,640 shares were traded during trading, an increase of 110% from the previous session’s volume of 544,221 shares.The stock last traded at $58.20 and had previously closed at $58.45.

iShares Core Growth Allocation ETF Price Performance

The stock’s fifty day moving average price is $58.23 and its 200-day moving average price is $57.98. The firm has a market cap of $2.11 billion, a PE ratio of 17.06 and a beta of 0.62.

Institutional Investors Weigh In On iShares Core Growth Allocation ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in iShares Core Growth Allocation ETF by 102.1% during the third quarter. JPMorgan Chase & Co. now owns 687,060 shares of the company’s stock worth $40,701,000 after purchasing an additional 33,649,765 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of iShares Core Growth Allocation ETF by 943.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 272,742 shares of the company’s stock worth $15,634,000 after purchasing an additional 246,613 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of iShares Core Growth Allocation ETF by 5,281.4% in the third quarter. International Assets Investment Management LLC now owns 246,792 shares of the company’s stock valued at $14,620,000 after buying an additional 242,206 shares during the last quarter. Jim Saulnier & Associates LLC purchased a new stake in iShares Core Growth Allocation ETF in the 3rd quarter worth approximately $10,984,000. Finally, Elevation Capital Advisory LLC purchased a new position in shares of iShares Core Growth Allocation ETF during the 2nd quarter worth $5,630,000.

iShares Core Growth Allocation ETF Company Profile

iShares Growth Allocation ETF, formerly iShares S&P Growth Allocation Fund (the Fund), is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Target Risk Growth Index (the Growth Allocation Index). The Growth Allocation Index seeks to measure the performance of an asset allocation strategy targeted to a growth-focused risk profile.