University of Maryland Foundation Inc. Invests $40.62 Million in iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT)

University of Maryland Foundation Inc. acquired a new stake in shares of iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 323,381 shares of the company’s stock, valued at approximately $40,623,000. iShares Core S&P Total U.S. Stock Market ETF accounts for 28.8% of University of Maryland Foundation Inc.’s portfolio, making the stock its 2nd biggest holding. University of Maryland Foundation Inc. owned 0.07% of iShares Core S&P Total U.S. Stock Market ETF as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Magnolia Capital Advisors LLC purchased a new stake in shares of iShares Core S&P Total U.S. Stock Market ETF in the second quarter valued at approximately $108,553,000. Allstate Corp grew its position in shares of iShares Core S&P Total U.S. Stock Market ETF by 57.9% during the 1st quarter. Allstate Corp now owns 244,894 shares of the company’s stock worth $28,236,000 after buying an additional 89,788 shares in the last quarter. SVB Wealth LLC increased its stake in shares of iShares Core S&P Total U.S. Stock Market ETF by 20.5% during the first quarter. SVB Wealth LLC now owns 463,463 shares of the company’s stock valued at $53,437,000 after buying an additional 78,937 shares during the period. ORG Partners LLC bought a new stake in shares of iShares Core S&P Total U.S. Stock Market ETF in the second quarter valued at about $8,215,000. Finally, Evensky & Katz LLC lifted its stake in iShares Core S&P Total U.S. Stock Market ETF by 5.3% in the third quarter. Evensky & Katz LLC now owns 1,328,368 shares of the company’s stock worth $166,870,000 after acquiring an additional 66,636 shares during the period.

iShares Core S&P Total U.S. Stock Market ETF Stock Down 0.4 %

Shares of ITOT stock opened at $131.55 on Wednesday. The firm has a market cap of $61.97 billion, a price-to-earnings ratio of 23.79 and a beta of 1.03. iShares Core S&P Total U.S. Stock Market ETF has a 52-week low of $95.89 and a 52-week high of $132.34. The company’s 50 day moving average is $125.56 and its 200 day moving average is $120.83.

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.