iShares Russell Top 200 ETF (NYSEARCA:IWL) Reaches New 52-Week High – What’s Next?

Shares of iShares Russell Top 200 ETF (NYSEARCA:IWL) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $183.83 and last traded at $183.44, with a volume of 22900 shares. The stock had previously closed at $183.28.

iShares Russell Top 200 ETF Trading Up 0.7%

The firm has a market cap of $2.21 billion, a PE ratio of 26.95 and a beta of 1.01. The stock has a 50 day simple moving average of $169.72 and a 200-day simple moving average of $170.15.

Hedge Funds Weigh In On iShares Russell Top 200 ETF

A number of institutional investors and hedge funds have recently modified their holdings of IWL. Garton & Associates Financial Advisors LLC purchased a new position in shares of iShares Russell Top 200 ETF in the 4th quarter worth approximately $33,000. Root Financial Partners LLC purchased a new position in shares of iShares Russell Top 200 ETF during the third quarter valued at approximately $38,000. AE Wealth Management LLC boosted its position in shares of iShares Russell Top 200 ETF by 187.1% during the third quarter. AE Wealth Management LLC now owns 244 shares of the company’s stock valued at $40,000 after buying an additional 159 shares during the period. Advisory Services Network LLC purchased a new position in shares of iShares Russell Top 200 ETF during the third quarter valued at approximately $41,000. Finally, Allworth Financial LP purchased a new position in shares of iShares Russell Top 200 ETF during the third quarter valued at approximately $47,000.

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