iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) Hits New 52-Week High – Here’s Why

iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT)’s share price reached a new 52-week high on Wednesday . The company 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 company has a market capitalization of $80.68 billion, a price-to-earnings ratio of 24.36 and a beta of 1.02. The stock has a 50 day simple moving average of $147.10 and a two-hundred day simple moving average of $140.90.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rock Creek Group LP raised its holdings in iShares Core S&P Total U.S. Stock Market ETF by 6.7% during the first quarter. Rock Creek Group LP now owns 995,414 shares of the company’s stock worth $121,576,000 after purchasing an additional 62,522 shares in the last quarter. Evensky & Katz LLC grew its position in shares of iShares Core S&P Total U.S. Stock Market ETF by 2.8% in the 1st quarter. Evensky & Katz LLC now owns 1,423,088 shares of the company’s stock valued at $173,631,000 after buying an additional 38,526 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its stake in iShares Core S&P Total U.S. Stock Market ETF by 1.5% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 46,661 shares of the company’s stock worth $5,693,000 after acquiring an additional 684 shares in the last quarter. Disciplina Capital Management LLC lifted its position in iShares Core S&P Total U.S. Stock Market ETF by 4.0% in the first quarter. Disciplina Capital Management LLC now owns 903,204 shares of the company’s stock valued at $110,200,000 after acquiring an additional 35,098 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC acquired a new position in iShares Core S&P Total U.S. Stock Market ETF in the first quarter valued at $3,130,000.

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.