iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) Hits New 1-Year High – What’s Next?

iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) hit a new 52-week high on Tuesday . The company traded as high as $152.38 and last traded at $152.14, with a volume of 786222 shares traded. The stock had previously closed at $151.61.

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

The stock’s 50-day moving average is $149.23 and its 200 day moving average is $145.23. The firm has a market cap of $82.64 billion, a P/E ratio of 24.36 and a beta of 1.02.

Institutional Investors Weigh In On iShares Core S&P Total U.S. Stock Market ETF

A number of hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. increased its stake in iShares Core S&P Total U.S. Stock Market ETF by 1.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,002,302 shares of the company’s stock worth $291,658,000 after purchasing an additional 38,295 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares Core S&P Total U.S. Stock Market ETF by 11.8% in the second quarter. JPMorgan Chase & Co. now owns 1,523,530 shares of the company’s stock valued at $205,738,000 after buying an additional 160,563 shares during the period. Evensky & Katz LLC increased its position in shares of iShares Core S&P Total U.S. Stock Market ETF by 3.8% during the third quarter. Evensky & Katz LLC now owns 1,440,844 shares of the company’s stock worth $209,859,000 after acquiring an additional 52,493 shares in the last quarter. True Link Financial Advisors LLC raised its holdings in shares of iShares Core S&P Total U.S. Stock Market ETF by 0.6% during the third quarter. True Link Financial Advisors LLC now owns 1,065,791 shares of the company’s stock worth $155,232,000 after acquiring an additional 6,614 shares during the period. Finally, Allstate Corp raised its holdings in shares of iShares Core S&P Total U.S. Stock Market ETF by 32.9% during the third quarter. Allstate Corp now owns 994,742 shares of the company’s stock worth $144,884,000 after acquiring an additional 246,411 shares during the period.

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

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.