iShares Core Growth Allocation ETF (NYSEARCA:AOR) Sees Strong Trading Volume – Time to Buy?

iShares Core Growth Allocation ETF (NYSEARCA:AOR) shares saw unusually-high trading volume on Thursday . Approximately 953,461 shares changed hands during trading, an increase of 109% from the previous session’s volume of 455,536 shares.The stock last traded at $57.60 and had previously closed at $57.54.

iShares Core Growth Allocation ETF Stock Up 0.3 %

The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 17.06 and a beta of 0.62. The company’s 50-day moving average is $58.24 and its 200-day moving average is $57.90.

Institutional Investors Weigh In On iShares Core Growth Allocation ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC raised its stake in shares of iShares Core Growth Allocation ETF by 2.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 8,692 shares of the company’s stock valued at $515,000 after acquiring an additional 188 shares during the period. Prospera Financial Services Inc raised its position in iShares Core Growth Allocation ETF by 2.0% in the third quarter. Prospera Financial Services Inc now owns 10,013 shares of the company’s stock valued at $593,000 after purchasing an additional 196 shares during the period. New Capital Management LP lifted its stake in iShares Core Growth Allocation ETF by 2.4% during the third quarter. New Capital Management LP now owns 9,146 shares of the company’s stock worth $542,000 after purchasing an additional 210 shares in the last quarter. Tempus Wealth Planning LLC lifted its stake in iShares Core Growth Allocation ETF by 1.7% during the third quarter. Tempus Wealth Planning LLC now owns 12,769 shares of the company’s stock worth $756,000 after purchasing an additional 213 shares in the last quarter. Finally, Corrigan Financial Inc. boosted its position in shares of iShares Core Growth Allocation ETF by 1.9% during the fourth quarter. Corrigan Financial Inc. now owns 11,387 shares of the company’s stock worth $653,000 after buying an additional 217 shares during the period.

About iShares Core Growth Allocation ETF

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.