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

iShares Russell Top 200 ETF (NYSEARCA:IWL) saw unusually-high trading volume on Tuesday . Approximately 244,669 shares changed hands during trading, an increase of 208% from the previous session’s volume of 79,314 shares.The stock last traded at $136.59 and had previously closed at $137.41.

iShares Russell Top 200 ETF Price Performance

The stock has a fifty day moving average of $144.71 and a 200 day moving average of $144.49. The firm has a market capitalization of $1.55 billion, a P/E ratio of 26.39 and a beta of 1.01.

Hedge Funds Weigh In On iShares Russell Top 200 ETF

Several institutional investors have recently added to or reduced their stakes in IWL. FMR LLC boosted its stake in iShares Russell Top 200 ETF by 2.4% in the third quarter. FMR LLC now owns 7,341 shares of the company’s stock valued at $1,031,000 after acquiring an additional 175 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in iShares Russell Top 200 ETF in the third quarter valued at approximately $5,519,000. Captrust Financial Advisors lifted its stake in iShares Russell Top 200 ETF by 9.1% in the third quarter. Captrust Financial Advisors now owns 2,430 shares of the company’s stock valued at $341,000 after purchasing an additional 203 shares during the last quarter. Stifel Financial Corp grew its holdings in iShares Russell Top 200 ETF by 13.8% during the third quarter. Stifel Financial Corp now owns 9,893 shares of the company’s stock valued at $1,389,000 after purchasing an additional 1,196 shares during the period. Finally, Jane Street Group LLC purchased a new stake in iShares Russell Top 200 ETF in the third quarter worth $1,103,000.

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.