Summit Financial LLC Purchases 47,208 Shares of iShares Core S&P Total U.S. Stock Market ETF $ITOT

Summit Financial LLC lifted its position in iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) by 47.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 145,964 shares of the company’s stock after buying an additional 47,208 shares during the period. Summit Financial LLC’s holdings in iShares Core S&P Total U.S. Stock Market ETF were worth $17,809,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in shares of iShares Core S&P Total U.S. Stock Market ETF by 575.6% in the fourth quarter. Russell Investments Group Ltd. now owns 554 shares of the company’s stock valued at $71,000 after acquiring an additional 472 shares in the last quarter. NBC Securities Inc. raised its holdings in shares of iShares Core S&P Total U.S. Stock Market ETF by 108,800.0% in the first quarter. NBC Securities Inc. now owns 2,178 shares of the company’s stock valued at $265,000 after acquiring an additional 2,176 shares in the last quarter. Salomon & Ludwin LLC raised its holdings in shares of iShares Core S&P Total U.S. Stock Market ETF by 23.1% in the first quarter. Salomon & Ludwin LLC now owns 6,393 shares of the company’s stock valued at $780,000 after acquiring an additional 1,200 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new stake in shares of iShares Core S&P Total U.S. Stock Market ETF in the first quarter valued at about $438,000. Finally, Baird Financial Group Inc. raised its holdings in shares of iShares Core S&P Total U.S. Stock Market ETF by 6.4% in the fourth quarter. Baird Financial Group Inc. now owns 148,463 shares of the company’s stock valued at $19,095,000 after acquiring an additional 8,883 shares in the last quarter.

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

ITOT stock opened at $139.38 on Thursday. The business has a 50-day moving average price of $136.37 and a 200 day moving average price of $128.87. The company has a market capitalization of $73.65 billion, a P/E ratio of 24.36 and a beta of 1.02. iShares Core S&P Total U.S. Stock Market ETF has a 1-year low of $105.00 and a 1-year high of $141.22.

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.