Magnolia Private Wealth LLC Makes New $2.25 Million Investment in iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT)

Magnolia Private Wealth LLC bought a new stake in iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) during the fourth quarter, HoldingsChannel.com reports. The firm bought 17,459 shares of the company’s stock, valued at approximately $2,246,000. iShares Core S&P Total U.S. Stock Market ETF accounts for approximately 1.3% of Magnolia Private Wealth LLC’s portfolio, making the stock its 12th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of ITOT. MorganRosel Wealth Management LLC lifted its position in shares of iShares Core S&P Total U.S. Stock Market ETF by 1.6% during the 4th quarter. MorganRosel Wealth Management LLC now owns 68,100 shares of the company’s stock worth $8,759,000 after buying an additional 1,099 shares during the last quarter. Bank of New York Mellon Corp raised its stake in iShares Core S&P Total U.S. Stock Market ETF by 11.7% during the fourth quarter. Bank of New York Mellon Corp now owns 178,252 shares of the company’s stock worth $22,927,000 after acquiring an additional 18,614 shares in the last quarter. BankPlus Trust Department acquired a new position in iShares Core S&P Total U.S. Stock Market ETF during the fourth quarter worth about $35,000. Crestwood Advisors Group LLC lifted its holdings in shares of iShares Core S&P Total U.S. Stock Market ETF by 4.9% in the fourth quarter. Crestwood Advisors Group LLC now owns 397,108 shares of the company’s stock worth $51,076,000 after acquiring an additional 18,494 shares during the last quarter. Finally, Centricity Wealth Management LLC acquired a new stake in shares of iShares Core S&P Total U.S. Stock Market ETF in the 4th quarter valued at approximately $798,000.

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

ITOT stock opened at $129.97 on Wednesday. The stock has a market cap of $65.10 billion, a price-to-earnings ratio of 25.82 and a beta of 1.04. The company has a 50 day simple moving average of $131.38 and a 200 day simple moving average of $128.33. iShares Core S&P Total U.S. Stock Market ETF has a 1 year low of $108.49 and a 1 year high of $134.70.

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.