iShares Core Conservative Allocation ETF (NYSEARCA:AOK) Sees Strong Trading Volume – Still a Buy?

iShares Core Conservative Allocation ETF (NYSEARCA:AOK) shares saw unusually-high trading volume on Thursday . Approximately 206,369 shares were traded during trading, an increase of 129% from the previous session’s volume of 90,126 shares.The stock last traded at $38.41 and had previously closed at $38.40.

iShares Core Conservative Allocation ETF Stock Performance

The stock has a market cap of $628.66 million, a price-to-earnings ratio of 16.35 and a beta of 0.40. The company has a 50-day simple moving average of $38.11 and a two-hundred day simple moving average of $37.66.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its stake in shares of iShares Core Conservative Allocation ETF by 97,100.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 972 shares of the company’s stock worth $38,000 after acquiring an additional 971 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in shares of iShares Core Conservative Allocation ETF by 29.8% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 8,404 shares of the company’s stock worth $325,000 after acquiring an additional 1,931 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of iShares Core Conservative Allocation ETF during the 3rd quarter worth approximately $409,000. Finally, Rothschild Investment LLC bought a new position in shares of iShares Core Conservative Allocation ETF during the 2nd quarter worth approximately $1,095,000.

iShares Core Conservative Allocation ETF Company Profile

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.