iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) Sees Strong Trading Volume – Time to Buy?

Shares of iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) saw unusually-high trading volume on Thursday . Approximately 9,858,026 shares changed hands during mid-day trading, an increase of 377% from the previous session’s volume of 2,067,085 shares.The stock last traded at $142.15 and had previously closed at $144.30.

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

The business’s fifty day moving average price is $146.26 and its 200-day moving average price is $138.73. The stock has a market capitalization of $76.22 billion, a price-to-earnings ratio of 24.36 and a beta of 1.02.

Institutional Trading of iShares Core S&P Total U.S. Stock Market ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Sunbelt Securities Inc. boosted its position in shares of iShares Core S&P Total U.S. Stock Market ETF by 11.5% during the third quarter. Sunbelt Securities Inc. now owns 40,477 shares of the company’s stock valued at $5,895,000 after buying an additional 4,174 shares during the last quarter. Keystone Financial Group raised its position in iShares Core S&P Total U.S. Stock Market ETF by 6.1% in the 3rd quarter. Keystone Financial Group now owns 37,276 shares of the company’s stock valued at $5,436,000 after buying an additional 2,134 shares during the last quarter. American Trust raised its position in iShares Core S&P Total U.S. Stock Market ETF by 2.5% in the 3rd quarter. American Trust now owns 4,450 shares of the company’s stock valued at $648,000 after buying an additional 110 shares during the last quarter. Ameriprise Financial Inc. lifted 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 valued at $291,658,000 after acquiring an additional 38,295 shares in the last quarter. Finally, Kelleher Financial Advisors purchased a new position in iShares Core S&P Total U.S. Stock Market ETF during the 3rd quarter worth $69,000.

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.