iShares Russell Top 200 ETF (NYSEARCA:IWL) Sees Large Volume Increase – What’s Next?

Shares of iShares Russell Top 200 ETF (NYSEARCA:IWL) saw an uptick in trading volume on Thursday . Approximately 224,640 shares were traded during mid-day trading, an increase of 278% from the previous session’s volume of 59,353 shares.The stock last traded at $189.65 and had previously closed at $190.25.

iShares Russell Top 200 ETF Stock Up 0.4%

The company has a market capitalization of $2.25 billion, a PE ratio of 26.95 and a beta of 1.01. The company has a 50-day moving average price of $186.04 and a two-hundred day moving average price of $177.85.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. GeoWealth Management LLC boosted its position in shares of iShares Russell Top 200 ETF by 0.5% in the third quarter. GeoWealth Management LLC now owns 14,295 shares of the company’s stock valued at $2,374,000 after acquiring an additional 66 shares during the period. PKS Advisory Services LLC lifted its position in iShares Russell Top 200 ETF by 2.0% during the fourth quarter. PKS Advisory Services LLC now owns 4,748 shares of the company’s stock valued at $810,000 after purchasing an additional 95 shares during the last quarter. Bank of New York Mellon Corp lifted its position in iShares Russell Top 200 ETF by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 3,201 shares of the company’s stock valued at $514,000 after purchasing an additional 147 shares during the last quarter. Cozad Asset Management Inc. grew its stake in iShares Russell Top 200 ETF by 2.2% in the 1st quarter. Cozad Asset Management Inc. now owns 7,842 shares of the company’s stock worth $1,258,000 after buying an additional 169 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in iShares Russell Top 200 ETF by 93.1% in the 3rd quarter. NewEdge Advisors LLC now owns 394 shares of the company’s stock worth $65,000 after buying an additional 190 shares in 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. The Index includes securities issued by the approximately 200 largest issuers in the Russell 3000 Index.