Trust Co. of Toledo NA OH Establishes New Stake in iShares Core S&P Total U.S. Stock Market ETF

Trust Co. of Toledo NA OH has signaled confidence in the stock market by establishing a new position in the iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA: ITOT), highlighting its investment strategy during the third quarter. The notable new investment by the firm consists of 2,348 shares in the ETF, with an approximate valuation of $221,000.

Institutional Investors' Activity

In the broader scope of institutional investment activity, several organizations have adjusted their holdings in the iShares Core S&P Total U.S. Stock Market ETF. Retirement Group LLC significantly expanded its investment with a 291.8% increase in shares during the fourth quarter, now owning 478 shares valued at $41,000. Similarly, Halpern Financial Inc. and Vestor Capital LLC each established new positions worth roughly $42,000 during the second quarter. Strategic Investment Solutions Inc. IL entered the fray in the first quarter with an initial stake valued at about $56,000. Furthermore, PSI Advisors LLC amplified its holdings by 209.1%, now holding 745 shares valued at $70,000 after their third-quarter purchase.

Performance Overview of ITOT

The ETF opened at $105.23 on the recent trading day, sitting between its 12-month low of $83.77 and a 12-month high of $105.85. With a market capitalization of $48.15 billion, the iShares Core S&P Total U.S. Stock Market ETF operates with a price-to-earnings ratio of 17.44 and maintains a beta of 1.02. It has been tracking in the market with a 50-day simple moving average of $99.25 and a longer 200-day simple moving average of $98.03.

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

The ETF in question, managed by BlackRock, is an exchange-traded fund built on the S&P TMI index. It seeks to mirror the cap-weighted index incorporating all common US equities listed on NYSE and NASDAQ. ITOT has been in the market since January 20, 2004, offering investors comprehensive exposure to the U.S. stock market.

Investment, ETF, Stocks