iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) Reaches New 52-Week High – Time to Buy?

iShares Russell Top 200 Growth ETF (NYSEARCA:IWY)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $243.54 and last traded at $243.37, with a volume of 70200 shares trading hands. The stock had previously closed at $241.49.

iShares Russell Top 200 Growth ETF Stock Down 3.4 %

The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 38.86 and a beta of 1.24. The company has a 50 day simple moving average of $229.31 and a 200 day simple moving average of $218.67.

Institutional Trading of iShares Russell Top 200 Growth ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IWY. SMART Wealth LLC boosted its stake in shares of iShares Russell Top 200 Growth ETF by 82.2% during the third quarter. SMART Wealth LLC now owns 3,008 shares of the company’s stock valued at $662,000 after purchasing an additional 1,357 shares in the last quarter. Franklin Resources Inc. increased its position in iShares Russell Top 200 Growth ETF by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 317 shares of the company’s stock valued at $71,000 after acquiring an additional 48 shares during the period. Sanctuary Advisors LLC raised its stake in shares of iShares Russell Top 200 Growth ETF by 16.5% during the third quarter. Sanctuary Advisors LLC now owns 16,335 shares of the company’s stock valued at $3,733,000 after acquiring an additional 2,308 shares during the last quarter. Passumpsic Savings Bank lifted its holdings in shares of iShares Russell Top 200 Growth ETF by 5.4% during the third quarter. Passumpsic Savings Bank now owns 16,055 shares of the company’s stock worth $3,533,000 after purchasing an additional 820 shares during the period. Finally, McIlrath & Eck LLC grew its stake in shares of iShares Russell Top 200 Growth ETF by 2.8% in the third quarter. McIlrath & Eck LLC now owns 25,276 shares of the company’s stock worth $5,562,000 after purchasing an additional 677 shares during the last quarter.

About iShares Russell Top 200 Growth ETF

iShares Russell Top 200 Growth ETF (the Fund), formerly iShares Russell Top 200 Growth Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Growth Index (the Growth Index). The Growth Index is a style factor weighted index that measures the performance of the largest capitalization growth sector of the United States equity market.