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

Shares of iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $132.86 and last traded at $132.86, with a volume of 4606 shares traded. The stock had previously closed at $131.65.

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

The firm has a market cap of $62.56 billion, a P/E ratio of 23.79 and a beta of 1.03. The company’s 50 day moving average is $127.50 and its 200 day moving average is $122.11.

Hedge Funds Weigh In On iShares Core S&P Total U.S. Stock Market ETF

Several large investors have recently bought and sold shares of ITOT. Westside Investment Management Inc. grew its holdings in iShares Core S&P Total U.S. Stock Market ETF by 1.2% during the 3rd quarter. Westside Investment Management Inc. now owns 13,583 shares of the company’s stock worth $1,706,000 after acquiring an additional 163 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of iShares Core S&P Total U.S. Stock Market ETF by 59.0% in the third quarter. TD Private Client Wealth LLC now owns 13,885 shares of the company’s stock worth $1,744,000 after purchasing an additional 5,154 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in iShares Core S&P Total U.S. Stock Market ETF by 16.2% in the third quarter. Sunbelt Securities Inc. now owns 37,495 shares of the company’s stock valued at $4,710,000 after purchasing an additional 5,239 shares during the period. Continuum Advisory LLC raised its position in iShares Core S&P Total U.S. Stock Market ETF by 68.3% during the 3rd quarter. Continuum Advisory LLC now owns 4,542 shares of the company’s stock worth $593,000 after purchasing an additional 1,844 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in iShares Core S&P Total U.S. Stock Market ETF by 4.1% during the 3rd quarter. IHT Wealth Management LLC now owns 20,836 shares of the company’s stock worth $2,619,000 after buying an additional 827 shares during the period.

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.