iShares Russell Top 200 ETF (NYSEARCA:IWL) Reaches New 52-Week High – What’s Next?

iShares Russell Top 200 ETF (NYSEARCA:IWL)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $186.65 and last traded at $186.51, with a volume of 5403 shares. The stock had previously closed at $185.39.

iShares Russell Top 200 ETF Trading Up 0.6%

The firm has a 50-day simple moving average of $173.73 and a 200-day simple moving average of $171.32. The firm has a market cap of $2.24 billion, a P/E ratio of 26.95 and a beta of 1.01.

Institutional Trading of iShares Russell Top 200 ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new stake in shares of iShares Russell Top 200 ETF during the 2nd quarter worth about $1,075,000. Bank of Nova Scotia acquired a new stake in shares of iShares Russell Top 200 ETF during the second quarter worth about $2,603,000. Raymond James Financial Inc. lifted its position in shares of 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 purchasing an additional 2,485 shares in the last quarter. Ameriprise Financial Inc. lifted its position 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 in the last quarter. Finally, Bank of America Corp DE lifted its position 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 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.