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

iShares Russell Top 200 ETF (NYSEARCA:IWL) shares saw strong trading volume on Tuesday . 244,669 shares traded hands during mid-day 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 Stock Up 0.6 %

The stock has a fifty day moving average of $144.71 and a 200-day moving average of $144.49. The firm has a market capitalization of $1.55 billion, a P/E ratio of 26.39 and a beta of 1.01.

Hedge Funds Weigh In On iShares Russell Top 200 ETF

Institutional investors have recently modified their holdings of the stock. Prescott Group Capital Management L.L.C. acquired a new position in shares of iShares Russell Top 200 ETF during the fourth quarter valued at $854,287,000. Lido Advisors LLC acquired a new position in iShares Russell Top 200 ETF during the 4th quarter valued at about $37,237,000. Reliant Wealth Planning bought a new position in shares of iShares Russell Top 200 ETF in the 4th quarter valued at about $26,485,000. Richmond Investment Services LLC acquired a new stake in shares of iShares Russell Top 200 ETF during the 4th quarter worth approximately $25,226,000. Finally, Bank of America Corp DE raised its stake in shares of iShares Russell Top 200 ETF by 40.2% during the fourth quarter. Bank of America Corp DE now owns 578,252 shares of the company’s stock worth $83,679,000 after buying an additional 165,767 shares during the last quarter.

About iShares Russell Top 200 ETF

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.