ITOT Stock Summary and Trading Ideas (iShares Core S&P Total U.S. Stock Market ETF | ARCA:ITOT)

The iShares Core S&P Total U.S. Stock Market ETF seeks to track the investment results of S&P Total Market Index.The S&P Total Market Index (TMI) is designed to track the broad equity market, including large-, mid-, small-, and micro-cap stocks. The index includes all common equities listed on the NYSE (including NYSE Arca and NYSE MKT), the NASDAQ Global Select Market, the NASDAQ Global Market, and the NASDAQ Capital Market. The S&P 500 and the S&P Completion Index are subsets of the S&P TMI.

iShares Core S&P Total U.S. Stock Market ETF trades on the ARCA stock market under the symbol ITOT.

As of May 1, 2024, ITOT stock price declined to $110.07 with 2,133,226 million shares trading.

ITOT has a beta of 1.04, meaning it tends to be more sensitive to market movements. ITOT has a correlation of 0.99 to the broad based SPY ETF.

ITOT has a market cap of $51.85 billion. This is considered a Large Cap stock.

In the last 3 years, ITOT stock traded as high as $115.61 and as low as $77.44.

ITOT has outperformed the market in the last year with a price return of +22.0% while the SPY ETF gained +21.9%. However, in the short term, ITOT had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.1% vs +2.3% return in SPY. But in the last 2 weeks, ITOT shares have fared better than the market returning -0.4% compared to SPY -0.6%.

ITOT support price is $109.17 and resistance is $111.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ITOT stock will trade within this expected range on the day.