iShares Russell Top 200 ETF (NYSEARCA:IWL) Sets New 52-Week High – Time to Buy?

iShares Russell Top 200 ETF (NYSEARCA:IWL)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $172.98 and last traded at $172.6940, with a volume of 2331 shares changing hands. The stock had previously closed at $172.45.

iShares Russell Top 200 ETF Stock Up 0.4%

The stock has a market cap of $2.06 billion, a PE ratio of 26.95 and a beta of 1.00. The stock has a fifty day moving average of $169.94 and a 200-day moving average of $163.70.

Institutional Trading of iShares Russell Top 200 ETF

A number of institutional investors have recently modified their holdings of IWL. Forefront Wealth Partners LLC raised its stake in iShares Russell Top 200 ETF by 63.2% in the 3rd quarter. Forefront Wealth Partners LLC now owns 9,621 shares of the company’s stock valued at $1,598,000 after purchasing an additional 3,726 shares during the last quarter. Voya Investment Management LLC raised its position in shares of iShares Russell Top 200 ETF by 345.3% in the first quarter. Voya Investment Management LLC now owns 48,786 shares of the company’s stock valued at $6,704,000 after buying an additional 37,831 shares during the last quarter. Hershey Financial Advisers LLC purchased a new position in shares of iShares Russell Top 200 ETF during the second quarter valued at approximately $1,192,000. JPMorgan Chase & Co. lifted its stake in shares of iShares Russell Top 200 ETF by 2.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 172,008 shares of the company’s stock worth $26,338,000 after purchasing an additional 3,762 shares during the period. Finally, NTV Asset Management LLC purchased a new position in shares of iShares Russell Top 200 ETF during the 2nd quarter worth $273,000.

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