iShares Russell Top 200 ETF (NYSEARCA:IWL) Sees Strong Trading Volume – Here’s What Happened

iShares Russell Top 200 ETF (NYSEARCA:IWL) shares saw unusually-strong trading volume on Wednesday . Approximately 69,734 shares were traded during trading, a decline of 11% from the previous session’s volume of 78,380 shares.The stock last traded at $168.45 and had previously closed at $167.92.

iShares Russell Top 200 ETF Stock Performance

The business’s 50 day moving average price is $171.04 and its 200-day moving average price is $168.05. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 26.95 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Richmond Investment Services LLC boosted its holdings in iShares Russell Top 200 ETF by 104.0% during the second quarter. Richmond Investment Services LLC now owns 376,570 shares of the company’s stock valued at $57,660,000 after purchasing an additional 192,020 shares in the last quarter. Commerce Bank bought a new position in shares of iShares Russell Top 200 ETF during the 4th quarter worth approximately $29,623,000. Northwestern Mutual Wealth Management Co. boosted its stake in iShares Russell Top 200 ETF by 442.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 106,119 shares of the company’s stock valued at $18,107,000 after buying an additional 86,544 shares in the last quarter. Annex Advisory Services LLC bought a new stake in iShares Russell Top 200 ETF in the fourth quarter valued at $12,935,000. Finally, Capital Developers LLC bought a new stake in iShares Russell Top 200 ETF in the fourth quarter valued at $8,617,000.

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.