iShares Russell Top 200 ETF (NYSEARCA:IWL) Sees Large Volume Increase – Should You Buy?

Shares of iShares Russell Top 200 ETF (NYSEARCA:IWL) saw an uptick in trading volume on Tuesday . 383,381 shares changed hands during mid-day trading, an increase of 302% from the previous session’s volume of 95,366 shares.The stock last traded at $170.8440 and had previously closed at $173.10.

iShares Russell Top 200 ETF Price Performance

The stock has a market capitalization of $2.13 billion, a P/E ratio of 26.95 and a beta of 1.00. The stock’s fifty day moving average is $171.30 and its two-hundred day moving average is $166.22.

Institutional Investors Weigh In On iShares Russell Top 200 ETF

Several hedge funds have recently made changes to their positions in IWL. Geneos Wealth Management Inc. grew its stake in iShares Russell Top 200 ETF by 2.2% in the third quarter. Geneos Wealth Management Inc. now owns 2,899 shares of the company’s stock valued at $482,000 after purchasing an additional 62 shares in the last quarter. GeoWealth Management LLC lifted its stake 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 worth $2,374,000 after buying an additional 66 shares during the last quarter. Cozad Asset Management Inc. lifted its position in iShares Russell Top 200 ETF by 1.0% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,881 shares of the company’s stock worth $1,143,000 after acquiring an additional 67 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in shares of iShares Russell Top 200 ETF by 1.7% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 4,559 shares of the company’s stock worth $698,000 after purchasing an additional 78 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in shares of iShares Russell Top 200 ETF by 3.0% during the fourth quarter. DAVENPORT & Co LLC now owns 2,695 shares of the company’s stock worth $460,000 after buying an additional 78 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.