iShares Russell Top 200 ETF (NYSEARCA:IWL) Sets New 1-Year High – Time to Buy?

iShares Russell Top 200 ETF (NYSEARCA:IWL) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $192.95 and last traded at $192.9740, with a volume of 27840 shares changing hands. The stock had previously closed at $189.65.

iShares Russell Top 200 ETF Stock Up 1.8%

The company’s fifty day moving average price is $188.21 and its 200 day moving average price is $180.67. The company has a market capitalization of $2.30 billion, a P/E ratio of 26.95 and a beta of 1.01.

Hedge Funds Weigh In On iShares Russell Top 200 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IWL. Covestor Ltd bought a new position in shares of iShares Russell Top 200 ETF in the fourth quarter worth $71,000. Fifth Third Bancorp bought a new stake in iShares Russell Top 200 ETF during the first quarter worth about $185,000. PAX Financial Group LLC bought a new stake in iShares Russell Top 200 ETF during the first quarter worth about $211,000. Diversified Trust Co acquired a new stake in iShares Russell Top 200 ETF during the first quarter worth about $238,000. Finally, CFS Investment Advisory Services LLC acquired a new stake in iShares Russell Top 200 ETF during the first quarter worth about $305,000.

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