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

iShares Russell Top 200 ETF (NYSEARCA:IWL) shares saw unusually-strong trading volume on Tuesday. Approximately 57,031 shares traded hands during mid-day trading, a decline of 3% from the previous session’s volume of 58,553 shares. The stock last traded at $194.6130 and had previously closed at $193.27.

iShares Russell Top 200 ETF Stock Up 0.8%

The business’s fifty day moving average is $189.77 and its 200 day moving average is $182.58. The stock has a market cap of $2.29 billion, a PE ratio of 26.95 and a beta of 1.01.

Hedge Funds Weigh In On iShares Russell Top 200 ETF

Several hedge funds have recently bought and sold shares of IWL. Bank of New York Mellon Corp raised its holdings 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 buying an additional 147 shares in the last quarter. Cozad Asset Management Inc. lifted its position in shares of iShares Russell Top 200 ETF by 2.2% in the first 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 during the last quarter. Efficient Advisors LLC boosted its stake in shares of iShares Russell Top 200 ETF by 5.3% during the 1st quarter. Efficient Advisors LLC now owns 3,881 shares of the company’s stock worth $623,000 after acquiring an additional 195 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of iShares Russell Top 200 ETF by 10.0% during the 1st quarter. Kestra Private Wealth Services LLC now owns 3,917 shares of the company’s stock worth $629,000 after acquiring an additional 355 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in shares of iShares Russell Top 200 ETF by 0.6% during the 1st quarter. First Citizens Bank & Trust Co. now owns 56,693 shares of the company’s stock valued at $9,098,000 after acquiring an additional 365 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. The Index includes securities issued by the approximately 200 largest issuers in the Russell 3000 Index.