iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) Hits New 52-Week High – Time to Buy?

iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) shares reached a new 52-week high on Wednesday . The company traded as high as $152.74 and last traded at $152.71, with a volume of 592875 shares. The stock had previously closed at $152.08.

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

The company has a 50 day moving average of $147.26 and a 200 day moving average of $148.05. The firm has a market cap of $85.74 billion, a P/E ratio of 24.36 and a beta of 1.01.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Securities Inc. lifted its holdings in iShares Core S&P Total U.S. Stock Market ETF by 9.7% in the 4th quarter. Fifth Third Securities Inc. now owns 74,307 shares of the company’s stock worth $11,049,000 after purchasing an additional 6,590 shares during the last quarter. Boston Trust Walden Corp acquired a new position in iShares Core S&P Total U.S. Stock Market ETF during the third quarter valued at approximately $971,000. American Trust acquired a new position in iShares Core S&P Total U.S. Stock Market ETF during the second quarter valued at approximately $586,000. Farther Finance Advisors LLC raised its position in shares of iShares Core S&P Total U.S. Stock Market ETF by 26.2% in the third quarter. Farther Finance Advisors LLC now owns 55,376 shares of the company’s stock valued at $8,065,000 after purchasing an additional 11,493 shares during the period. Finally, Evensky & Katz LLC lifted its stake in shares of iShares Core S&P Total U.S. Stock Market ETF by 3.8% in the third quarter. Evensky & Katz LLC now owns 1,440,844 shares of the company’s stock worth $209,859,000 after buying an additional 52,493 shares during the last quarter.

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.