iShares Russell Top 200 ETF (NYSEARCA:IWL) Sees Strong Trading Volume – Should You Buy?

Shares of iShares Russell Top 200 ETF (NYSEARCA:IWL) saw an uptick in trading volume on Tuesday . 244,669 shares traded hands during trading, an increase of 208% from the previous session’s volume of 79,314 shares.The stock last traded at $136.59 and had previously closed at $137.41.

iShares Russell Top 200 ETF Price Performance

The business’s fifty day simple moving average is $145.15 and its 200 day simple moving average is $144.52. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 26.39 and a beta of 1.01.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IWL. FMR LLC raised its stake in iShares Russell Top 200 ETF by 2.4% during the third quarter. FMR LLC now owns 7,341 shares of the company’s stock worth $1,031,000 after acquiring an additional 175 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of iShares Russell Top 200 ETF during the 3rd quarter worth approximately $5,519,000. Captrust Financial Advisors lifted its holdings in shares of iShares Russell Top 200 ETF by 9.1% in the 3rd quarter. Captrust Financial Advisors now owns 2,430 shares of the company’s stock worth $341,000 after purchasing an additional 203 shares during the last quarter. Stifel Financial Corp boosted its position in iShares Russell Top 200 ETF by 13.8% during the 3rd quarter. Stifel Financial Corp now owns 9,893 shares of the company’s stock valued at $1,389,000 after purchasing an additional 1,196 shares during the period. Finally, Jane Street Group LLC bought a new position in iShares Russell Top 200 ETF during the 3rd quarter worth $1,103,000.

iShares Russell Top 200 ETF Company Profile

iShares Russell Top 200 ETF (the Fund), formerly iShares Russell Top 200 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Index (the Index). The Index is a float-adjusted, capitalization-weighted index that measures the performance of the largest capitalization sector of the United States equity market.