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 an uptick in trading volume on Thursday . 3,572,342 shares changed 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 Trading Down 0.4 %

The stock has a market cap of $61.93 billion, a price-to-earnings ratio of 24.11 and a beta of 1.04. The stock’s 50 day moving average is $129.81 and its two-hundred day moving average is $128.66.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Copia Wealth Management purchased a new position in iShares Core S&P Total U.S. Stock Market ETF during the fourth quarter worth about $58,000. Ameriflex Group Inc. purchased a new position in shares of iShares Core S&P Total U.S. Stock Market ETF during the 4th quarter worth approximately $270,000. American Trust acquired a new stake in shares of iShares Core S&P Total U.S. Stock Market ETF in the 4th quarter valued at approximately $1,104,000. Fourth Dimension Wealth LLC purchased a new stake in shares of iShares Core S&P Total U.S. Stock Market ETF in the fourth quarter valued at approximately $34,000. Finally, Evensky & Katz LLC grew its holdings in iShares Core S&P Total U.S. Stock Market ETF by 4.2% during the fourth quarter. Evensky & Katz LLC now owns 1,384,562 shares of the company’s stock worth $178,082,000 after acquiring an additional 56,194 shares during the period.

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.