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

Shares of iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) reached a new 52-week high on Wednesday . The stock traded as high as $150.70 and last traded at $150.32, with a volume of 3608143 shares trading hands. The stock had previously closed at $149.21.

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

The business’s 50-day moving average price is $147.10 and its 200-day moving average price is $140.90. The firm has a market capitalization of $80.68 billion, a PE ratio of 24.36 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atlantic Union Bankshares Corp boosted its holdings in iShares Core S&P Total U.S. Stock Market ETF by 226.8% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 5,555 shares of the company’s stock valued at $750,000 after purchasing an additional 3,855 shares in the last quarter. ORG Partners LLC raised its stake in shares of iShares Core S&P Total U.S. Stock Market ETF by 11.4% during the 2nd quarter. ORG Partners LLC now owns 2,195 shares of the company’s stock worth $297,000 after buying an additional 225 shares in the last quarter. Cigna Investments Inc. New raised its stake in shares of iShares Core S&P Total U.S. Stock Market ETF by 5.4% during the 1st quarter. Cigna Investments Inc. New now owns 242,237 shares of the company’s stock worth $29,555,000 after buying an additional 12,425 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of iShares Core S&P Total U.S. Stock Market ETF by 0.8% in the 2nd quarter. Bogart Wealth LLC now owns 12,687 shares of the company’s stock valued at $1,713,000 after buying an additional 104 shares during the period. Finally, Partners Capital Investment Group LLP boosted its stake in shares of iShares Core S&P Total U.S. Stock Market ETF by 132.4% in the first quarter. Partners Capital Investment Group LLP now owns 1,168,032 shares of the company’s stock valued at $142,512,000 after buying an additional 665,477 shares in 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.