iShares Russell Top 200 ETF (NYSEARCA:IWL) Reaches New 52-Week High – Still a Buy?

iShares Russell Top 200 ETF (NYSEARCA:IWL) hit a new 52-week high during trading on Thursday . The stock traded as high as $192.66 and last traded at $192.66, with a volume of 5781 shares trading hands. The stock had previously closed at $191.22.

iShares Russell Top 200 ETF Trading Up 0.7%

The firm has a market capitalization of $2.29 billion, a PE ratio of 26.95 and a beta of 1.01. The firm’s fifty day moving average price is $185.05 and its 200 day moving average price is $177.00.

Institutional Investors Weigh In On iShares Russell Top 200 ETF

Hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new position in shares of iShares Russell Top 200 ETF during the 2nd quarter valued at about $1,075,000. Bank of Nova Scotia acquired a new stake in iShares Russell Top 200 ETF during the second quarter worth about $2,603,000. Raymond James Financial Inc. grew its holdings in iShares Russell Top 200 ETF by 20.4% during the second quarter. Raymond James Financial Inc. now owns 14,670 shares of the company’s stock worth $2,246,000 after acquiring an additional 2,485 shares during the period. Ameriprise Financial Inc. raised its position in iShares Russell Top 200 ETF by 2.7% during the second quarter. Ameriprise Financial Inc. now owns 359,193 shares of the company’s stock valued at $54,820,000 after acquiring an additional 9,580 shares in the last quarter. Finally, Bank of America Corp DE raised its position in iShares Russell Top 200 ETF by 5.0% during the second quarter. Bank of America Corp DE now owns 615,837 shares of the company’s stock valued at $94,297,000 after acquiring an additional 29,086 shares in the last quarter.

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.