iShares Core Conservative Allocation ETF (NYSEARCA:AOK) Sets New 52-Week High at $38.54

iShares Core Conservative Allocation ETF (NYSEARCA:AOK) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $38.54 and last traded at $38.54, with a volume of 32439 shares traded. The stock had previously closed at $38.43.

iShares Core Conservative Allocation ETF Price Performance

The firm has a market capitalization of $627.02 million, a price-to-earnings ratio of 16.35 and a beta of 0.40. The firm’s fifty day moving average is $37.69 and its 200 day moving average is $36.95.

Institutional Trading of iShares Core Conservative Allocation ETF

Several hedge funds and other institutional investors have recently modified their holdings of AOK. Janney Montgomery Scott LLC increased its position in iShares Core Conservative Allocation ETF by 189.1% in the 4th 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 last quarter. Waterloo Capital L.P. increased its holdings in iShares Core Conservative Allocation ETF by 122.5% in the fourth quarter. Waterloo Capital L.P. now owns 18,394 shares of the company’s stock worth $665,000 after buying an additional 10,127 shares during the last quarter. Comerica Bank raised its position 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 valued at $1,459,000 after acquiring an additional 36,639 shares in the last quarter. Congress Asset Management Co. MA raised its position in iShares Core Conservative Allocation ETF by 262.3% during the fourth quarter. Congress Asset Management Co. MA now owns 129,735 shares of the company’s stock valued at $4,690,000 after acquiring an additional 93,930 shares in the last quarter. Finally, United Community Bank acquired a new stake in iShares Core Conservative Allocation ETF in the first quarter valued at approximately $52,000.

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.