iShares Russell Top 200 ETF (NYSEARCA:IWL) Sees Unusually-High Trading Volume – What’s Next?

iShares Russell Top 200 ETF (NYSEARCA:IWL) saw unusually-high trading volume on Friday . Approximately 89,635 shares traded hands during mid-day trading, an increase of 100% from the previous session’s volume of 44,727 shares.The stock last traded at $147.72 and had previously closed at $145.92.

iShares Russell Top 200 ETF Stock Up 1.1 %

The stock has a fifty day moving average of $146.69 and a two-hundred day moving average of $140.76. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 27.78 and a beta of 1.01.

Hedge Funds Weigh In On iShares Russell Top 200 ETF

A number of large investors have recently made changes to their positions in the stock. Tompkins Financial Corp raised its holdings in iShares Russell Top 200 ETF by 9.1% during the third quarter. Tompkins Financial Corp now owns 1,010,883 shares of the company’s stock worth $141,968,000 after purchasing an additional 83,965 shares during the last quarter. Merit Financial Group LLC purchased a new position in shares of iShares Russell Top 200 ETF in the fourth quarter valued at $8,979,000. Elevation Capital Advisory LLC acquired a new position in shares of iShares Russell Top 200 ETF during the 2nd quarter worth $5,744,000. BNP Paribas Financial Markets purchased a new stake in shares of iShares Russell Top 200 ETF in the 3rd quarter worth about $5,519,000. Finally, Envestnet Asset Management Inc. grew its stake in iShares Russell Top 200 ETF by 147.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 41,549 shares of the company’s stock valued at $5,565,000 after acquiring an additional 24,754 shares during the last quarter.

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.