iShares Russell Top 200 ETF (NYSEARCA:IWL) Reaches New 12-Month High – Still a Buy?

iShares Russell Top 200 ETF (NYSEARCA:IWL)’s stock price hit a new 52-week high on Friday . The stock traded as high as $172.91 and last traded at $172.6650, with a volume of 499 shares trading hands. The stock had previously closed at $172.65.

iShares Russell Top 200 ETF Price Performance

The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 26.95 and a beta of 1.00. The stock’s 50-day moving average is $169.45 and its 200 day moving average is $162.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new stake in shares of iShares Russell Top 200 ETF in the third quarter valued at $38,000. AE Wealth Management LLC grew its stake in shares of iShares Russell Top 200 ETF by 187.1% in the 3rd quarter. AE Wealth Management LLC now owns 244 shares of the company’s stock worth $40,000 after purchasing an additional 159 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of iShares Russell Top 200 ETF during the third quarter valued at approximately $41,000. Allworth Financial LP acquired a new position in shares of iShares Russell Top 200 ETF in the third quarter worth $47,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of iShares Russell Top 200 ETF during the 3rd quarter worth about $56,000.

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.