iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) Sees Large Volume Increase – Here’s Why

iShares Core 30/70 Conservative Allocation ETF (NYSEARCA:AOK) shares saw unusually-high trading volume on Wednesday . Approximately 771,540 shares were traded during mid-day trading, an increase of 550% from the previous session’s volume of 118,639 shares.The stock last traded at $37.73 and had previously closed at $37.68.

iShares Core 30/70 Conservative Allocation ETF Trading Up 0.4 %

The firm has a market capitalization of $599.62 million, a price-to-earnings ratio of 20.59 and a beta of 0.45. The company’s 50 day moving average is $37.72 and its 200-day moving average is $37.93.

Institutional Investors Weigh In On iShares Core 30/70 Conservative Allocation ETF

Several hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in iShares Core 30/70 Conservative Allocation ETF during the third quarter worth approximately $409,000. Fortitude Family Office LLC acquired a new stake in iShares Core 30/70 Conservative Allocation ETF during the fourth quarter worth approximately $622,000. Janney Capital Management LLC acquired a new stake in iShares Core 30/70 Conservative Allocation ETF during the fourth quarter worth approximately $668,000. Janney Montgomery Scott LLC acquired a new stake in iShares Core 30/70 Conservative Allocation ETF during the fourth quarter worth approximately $1,412,000. Finally, Congress Asset Management Co. lifted its position in iShares Core 30/70 Conservative Allocation ETF by 224.0% during the fourth quarter. Congress Asset Management Co. now owns 166,004 shares of the company’s stock worth $6,192,000 after acquiring an additional 114,767 shares during the last quarter.

About iShares Core 30/70 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.