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

iShares Russell Top 200 ETF (NYSEARCA:IWL) shares hit a new 52-week high on Wednesday . The stock traded as high as $180.82 and last traded at $180.82, with a volume of 7602 shares trading hands. The stock had previously closed at $179.38.

iShares Russell Top 200 ETF Stock Up 1.0%

The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 26.95 and a beta of 1.01. The company’s 50 day simple moving average is $168.12 and its two-hundred day simple moving average is $169.47.

Institutional Investors Weigh In On iShares Russell Top 200 ETF

Several institutional investors have recently added to or reduced their stakes in IWL. Marshall Wace LLP acquired a new stake in iShares Russell Top 200 ETF in the second quarter worth about $1,075,000. Bank of Nova Scotia acquired a new stake in iShares Russell Top 200 ETF in the second quarter worth about $2,603,000. Raymond James Financial Inc. boosted its holdings in iShares Russell Top 200 ETF by 20.4% in 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 in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of 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 worth $54,820,000 after purchasing an additional 9,580 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of 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 worth $94,297,000 after purchasing an additional 29,086 shares during the period.

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.