iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) Sees Strong Trading Volume – What’s Next?

iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) saw unusually-strong trading volume on Thursday . Approximately 9,858,026 shares changed hands during mid-day trading, an increase of 377% from the previous session’s volume of 2,067,085 shares.The stock last traded at $142.15 and had previously closed at $144.30.

iShares Core S&P Total U.S. Stock Market ETF Trading Down 1.6%

The company’s 50-day simple moving average is $146.26 and its 200 day simple moving average is $138.73. The stock has a market cap of $76.22 billion, a P/E ratio of 24.36 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Forbes J M & Co. LLP increased its holdings in iShares Core S&P Total U.S. Stock Market ETF by 0.6% during the first quarter. Forbes J M & Co. LLP now owns 58,058 shares of the company’s stock worth $7,084,000 after buying an additional 373 shares during the last quarter. BlueStem Wealth Partners LLC increased its stake in shares of iShares Core S&P Total U.S. Stock Market ETF by 1.9% during the 1st quarter. BlueStem Wealth Partners LLC now owns 13,568 shares of the company’s stock worth $1,655,000 after purchasing an additional 255 shares during the last quarter. Nemes Rush Group LLC raised its holdings in shares of iShares Core S&P Total U.S. Stock Market ETF by 18.8% in the 1st quarter. Nemes Rush Group LLC now owns 9,281 shares of the company’s stock worth $1,132,000 after purchasing an additional 1,467 shares during the period. Vantage Financial Partners LLC lifted its stake in iShares Core S&P Total U.S. Stock Market ETF by 0.4% in the first quarter. Vantage Financial Partners LLC now owns 437,222 shares of the company’s stock valued at $53,346,000 after purchasing an additional 1,958 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in iShares Core S&P Total U.S. Stock Market ETF by 127.1% in the first quarter. Arkadios Wealth Advisors now owns 24,846 shares of the company’s stock valued at $3,032,000 after purchasing an additional 13,907 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.