Redstone Wealth Management LLC Acquires New Position in iShares Russell Top 200 ETF $IWL

Redstone Wealth Management LLC acquired a new stake in shares of iShares Russell Top 200 ETF (NYSEARCA:IWL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,550 shares of the company’s stock, valued at approximately $2,653,000. iShares Russell Top 200 ETF makes up about 2.1% of Redstone Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. Redstone Wealth Management LLC owned about 0.12% of iShares Russell Top 200 ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new stake in iShares Russell Top 200 ETF in the third quarter worth approximately $38,000. AE Wealth Management LLC grew its position in iShares Russell Top 200 ETF by 187.1% in the third quarter. AE Wealth Management LLC now owns 244 shares of the company’s stock worth $40,000 after acquiring an additional 159 shares in the last quarter. Advisory Services Network LLC bought a new stake in iShares Russell Top 200 ETF in the third quarter worth approximately $41,000. Allworth Financial LP bought a new stake in iShares Russell Top 200 ETF in the third quarter worth approximately $47,000. Finally, Atlantic Union Bankshares Corp bought a new stake in iShares Russell Top 200 ETF in the third quarter worth approximately $56,000.

iShares Russell Top 200 ETF Price Performance

IWL stock opened at $185.39 on Monday. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 26.95 and a beta of 1.01. iShares Russell Top 200 ETF has a 12 month low of $142.07 and a 12 month high of $186.49. The firm has a 50 day moving average of $172.02 and a two-hundred day moving average of $170.81.

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. The Index includes securities issued by the approximately 200 largest issuers in the Russell 3000 Index.