iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) Sees Large Volume Increase – Here’s Why

Shares of iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) saw an uptick in trading volume on Tuesday . 13,236,232 shares changed hands during trading, an increase of 534% from the previous session’s volume of 2,089,352 shares.The stock last traded at $107.35 and had previously closed at $110.00.

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

The company has a market cap of $54.86 billion, a P/E ratio of 23.90 and a beta of 1.03. The company’s 50-day moving average price is $127.22 and its 200-day moving average price is $128.64.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of ITOT. Allstate Corp lifted its position in iShares Core S&P Total U.S. Stock Market ETF by 3,574.6% during the 4th quarter. Allstate Corp now owns 1,296,810 shares of the company’s stock worth $166,796,000 after buying an additional 1,261,519 shares in the last quarter. GAMMA Investing LLC boosted its position in iShares Core S&P Total U.S. Stock Market ETF by 12,104.1% during the first quarter. GAMMA Investing LLC now owns 482,550 shares of the company’s stock valued at $58,876,000 after purchasing an additional 478,596 shares during the last quarter. Independent Order of Foresters grew its stake in iShares Core S&P Total U.S. Stock Market ETF by 22.4% in the fourth quarter. Independent Order of Foresters now owns 672,744 shares of the company’s stock valued at $86,528,000 after purchasing an additional 123,125 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of iShares Core S&P Total U.S. Stock Market ETF by 6.4% during the 4th quarter. Ameriprise Financial Inc. now owns 2,034,601 shares of the company’s stock worth $261,699,000 after purchasing an additional 122,120 shares during the last quarter. Finally, Greenwood Gearhart Inc. bought a new stake in shares of iShares Core S&P Total U.S. Stock Market ETF during the 4th quarter worth approximately $10,264,000.

iShares Core S&P Total U.S. Stock Market ETF Company Profile

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.