iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) Sets New 1-Year High – Still a Buy?

by · The Cerbat Gem

Shares of iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $170.43 and last traded at $170.36, with a volume of 63890 shares traded. The stock had previously closed at $169.57.

iShares Core S&P Total U.S. Stock Market ETF Stock Performance

The firm has a market cap of $98.20 billion, a price-to-earnings ratio of 24.36 and a beta of 1.01. The business has a fifty day simple moving average of $164.00 and a 200-day simple moving average of $156.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in iShares Core S&P Total U.S. Stock Market ETF by 752.5% during the second quarter. Russell Investments Group Ltd. now owns 4,109 shares of the ETF’s stock worth $555,000 after purchasing an additional 3,627 shares during the period. Ameriprise Financial Inc. grew its position in shares of iShares Core S&P Total U.S. Stock Market ETF by 2.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,964,007 shares of the ETF’s stock worth $265,231,000 after buying an additional 40,553 shares during the period. BNP Paribas Financial Markets increased its stake in shares of iShares Core S&P Total U.S. Stock Market ETF by 504.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 520 shares of the ETF’s stock valued at $70,000 after acquiring an additional 434 shares in the last quarter. Monograph Wealth Advisors LLC bought a new stake in shares of iShares Core S&P Total U.S. Stock Market ETF in the 2nd quarter valued at $302,000. Finally, WFA of San Diego LLC acquired a new position in shares of iShares Core S&P Total U.S. Stock Market ETF during the 2nd quarter valued at $253,000.

About iShares Core S&P Total U.S. Stock Market ETF

(Get Free Report)

The iShares Core S&P Total U.S. Stock Market ETF (ITOT) is an exchange-traded fund that is based on the S&P TMI index. The fund tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ. ITOT was launched on Jan 20, 2004 and is managed by BlackRock.

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