iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) Sees Large Volume Increase – Here’s Why

Shares of iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) saw an uptick in trading volume on Thursday . 3,572,342 shares traded hands during trading, an increase of 120% from the previous session’s volume of 1,621,563 shares.The stock last traded at $123.55 and had previously closed at $123.62.

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

The firm has a market capitalization of $62.03 billion, a P/E ratio of 24.11 and a beta of 1.04. The stock has a 50-day moving average of $129.60 and a 200 day moving average of $128.62.

Institutional Investors Weigh In On iShares Core S&P Total U.S. Stock Market ETF

A number of large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its position in iShares Core S&P Total U.S. Stock Market ETF by 6.4% in the 4th quarter. Ameriprise Financial Inc. now owns 2,034,601 shares of the company’s stock valued at $261,699,000 after buying an additional 122,120 shares during the last quarter. Evensky & Katz LLC boosted its position in iShares Core S&P Total U.S. Stock Market ETF by 4.2% in the 4th quarter. Evensky & Katz LLC now owns 1,384,562 shares of the company’s stock valued at $178,082,000 after buying an additional 56,194 shares during the last quarter. JPMorgan Chase & Co. boosted its position in iShares Core S&P Total U.S. Stock Market ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,363,559 shares of the company’s stock valued at $175,381,000 after buying an additional 60,294 shares during the last quarter. Allstate Corp boosted its position in iShares Core S&P Total U.S. Stock Market ETF by 3,574.6% in the 4th quarter. Allstate Corp now owns 1,296,810 shares of the company’s stock valued at $166,796,000 after buying an additional 1,261,519 shares during the last quarter. Finally, True Link Financial Advisors LLC boosted its position in iShares Core S&P Total U.S. Stock Market ETF by 1.5% in the 4th quarter. True Link Financial Advisors LLC now owns 929,548 shares of the company’s stock valued at $119,558,000 after buying an additional 13,918 shares during 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.