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

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

iShares Core S&P Total U.S. Stock Market ETF Trading Up 0.7 %

The stock has a 50 day simple moving average of $121.91 and a 200 day simple moving average of $118.29. The stock has a market cap of $59.80 billion, a P/E ratio of 23.79 and a beta of 1.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lowe Wealth Advisors LLC increased its position in iShares Core S&P Total U.S. Stock Market ETF by 63.4% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 281 shares of the company’s stock worth $35,000 after purchasing an additional 109 shares in the last quarter. Sugarloaf Wealth Management LLC grew its stake in shares of iShares Core S&P Total U.S. Stock Market ETF by 1.2% during the third quarter. Sugarloaf Wealth Management LLC now owns 10,037 shares of the company’s stock worth $1,261,000 after buying an additional 115 shares during the last quarter. Cullen Investment Group LTD. increased its holdings in shares of iShares Core S&P Total U.S. Stock Market ETF by 2.4% during the third quarter. Cullen Investment Group LTD. now owns 4,957 shares of the company’s stock worth $623,000 after buying an additional 116 shares in the last quarter. Westside Investment Management Inc. lifted its stake in shares of iShares Core S&P Total U.S. Stock Market ETF by 1.0% in the 1st quarter. Westside Investment Management Inc. now owns 12,517 shares of the company’s stock valued at $1,443,000 after acquiring an additional 127 shares during the last quarter. Finally, West Bancorporation Inc. boosted its holdings in shares of iShares Core S&P Total U.S. Stock Market ETF by 2.9% during the 1st quarter. West Bancorporation Inc. now owns 4,619 shares of the company’s stock valued at $533,000 after acquiring an additional 132 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.