iShares Core Conservative Allocation ETF (NYSEARCA:AOK) Sees Large Volume Increase – Here’s What Happened

iShares Core Conservative Allocation ETF (NYSEARCA:AOK) shares saw strong trading volume on Thursday . 206,369 shares changed hands during mid-day 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 Price Performance

The company has a market capitalization of $629.64 million, a price-to-earnings ratio of 16.35 and a beta of 0.40. The firm’s fifty day simple moving average is $38.11 and its 200 day simple moving average is $37.68.

Institutional Trading of iShares Core Conservative Allocation ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in iShares Core Conservative Allocation ETF by 97,100.0% during the third 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. Rothschild Investment LLC acquired a new stake in shares of iShares Core Conservative Allocation ETF in the 2nd quarter valued at $1,095,000. Creative Financial Designs Inc. ADV boosted its stake in shares of iShares Core Conservative Allocation ETF by 29.8% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 8,404 shares of the company’s stock valued at $325,000 after purchasing an additional 1,931 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of iShares Core Conservative Allocation ETF in the 3rd quarter valued at $409,000.

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.