iShares Core Aggressive Allocation ETF (NYSEARCA:AOA) Sees Unusually-High Trading Volume – Still a Buy?

iShares Core Aggressive Allocation ETF (NYSEARCA:AOA) saw unusually-strong trading volume on Monday . Approximately 282,897 shares traded hands during trading, an increase of 206% from the previous session’s volume of 92,482 shares.The stock last traded at $77.01 and had previously closed at $76.79.

iShares Core Aggressive Allocation ETF Price Performance

The stock has a market capitalization of $1.98 billion, a P/E ratio of 17.85 and a beta of 0.78. The business’s 50 day moving average price is $78.48 and its 200 day moving average price is $76.85.

Institutional Trading of iShares Core Aggressive Allocation ETF

Several hedge funds have recently bought and sold shares of the stock. IFG Advisory LLC purchased a new stake in iShares Core Aggressive Allocation ETF in the 2nd quarter worth $471,000. Strategic Blueprint LLC bought a new stake in iShares Core Aggressive Allocation ETF in the third quarter worth $264,000. Strategic Advocates LLC raised its stake in iShares Core Aggressive Allocation ETF by 6.5% during the third quarter. Strategic Advocates LLC now owns 25,475 shares of the company’s stock valued at $2,010,000 after purchasing an additional 1,556 shares in the last quarter. Arbor Investment Advisors LLC lifted its position in iShares Core Aggressive Allocation ETF by 13.4% during the third quarter. Arbor Investment Advisors LLC now owns 5,080 shares of the company’s stock valued at $401,000 after purchasing an additional 600 shares during the last quarter. Finally, Weitzel Financial Services Inc. grew its stake in shares of iShares Core Aggressive Allocation ETF by 17.8% in the 2nd quarter. Weitzel Financial Services Inc. now owns 3,374 shares of the company’s stock worth $252,000 after buying an additional 510 shares in the last quarter.

About iShares Core Aggressive Allocation ETF

iShares Aggressive Allocation ETF (the Fund), formerly iShares S&P Aggressive Allocation Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Target Risk Aggressive Index (the Aggressive Allocation Index). The Aggressive Allocation Index seeks to measure the performance of an asset allocation strategy targeted to an aggressive risk profile.