iShares Russell Top 200 ETF (NYSEARCA:IWL) Reaches New 12-Month High – What’s Next?

iShares Russell Top 200 ETF (NYSEARCA:IWL) hit a new 52-week high during trading on Wednesday . The company traded as high as $144.32 and last traded at $144.25, with a volume of 2583 shares changing hands. The stock had previously closed at $141.29.

iShares Russell Top 200 ETF Stock Up 2.6 %

The company has a market capitalization of $1.57 billion, a P/E ratio of 27.78 and a beta of 1.01. The company’s fifty day moving average price is $139.59 and its 200 day moving average price is $134.39.

Institutional Investors Weigh In On iShares Russell Top 200 ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC raised its position in shares of iShares Russell Top 200 ETF by 194.1% in the 1st quarter. Private Advisor Group LLC now owns 8,810 shares of the company’s stock worth $1,120,000 after acquiring an additional 5,814 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of iShares Russell Top 200 ETF by 6.7% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 101,931 shares of the company’s stock worth $12,957,000 after buying an additional 6,385 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of iShares Russell Top 200 ETF during the 1st quarter worth approximately $2,598,000. CreativeOne Wealth LLC bought a new stake in shares of iShares Russell Top 200 ETF in the 1st quarter valued at $699,000. Finally, California State Teachers Retirement System bought a new position in iShares Russell Top 200 ETF during the first quarter worth $88,000.

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.