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

iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $126.04 and last traded at $126.00, with a volume of 326598 shares. The stock had previously closed at $125.35.

iShares Core S&P Total U.S. Stock Market ETF Trading Up 0.6 %

The company has a market capitalization of $59.39 billion, a price-to-earnings ratio of 23.79 and a beta of 1.03. The stock’s fifty day simple moving average is $121.67 and its 200-day simple moving average is $118.18.

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

A number of hedge funds have recently added to or reduced their stakes in ITOT. Icon Wealth Advisors LLC acquired a new stake in iShares Core S&P Total U.S. Stock Market ETF during the 4th quarter worth approximately $1,451,000. Able Wealth Management LLC purchased a new stake in shares of iShares Core S&P Total U.S. Stock Market ETF in the 4th quarter valued at approximately $2,301,000. Fisher Asset Management LLC purchased a new stake in shares of iShares Core S&P Total U.S. Stock Market ETF in the 4th quarter valued at approximately $376,000. Cullen Investment Group LTD. increased its position in shares of iShares Core S&P Total U.S. Stock Market ETF by 12.7% in the 1st quarter. Cullen Investment Group LTD. now owns 4,360 shares of the company’s stock valued at $498,000 after purchasing an additional 492 shares during the last quarter. Finally, VERITY Wealth Advisors increased its position in shares of iShares Core S&P Total U.S. Stock Market ETF by 24.4% in the 1st quarter. VERITY Wealth Advisors now owns 4,861 shares of the company’s stock valued at $560,000 after purchasing an additional 955 shares during the last quarter.

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.