iShares Russell Top 200 ETF (NYSEARCA:IWL) Shares Down 0.6% – Should You Sell?

Shares of iShares Russell Top 200 ETF (NYSEARCA:IWL) dropped 0.6% on Thursday . The company traded as low as $188.00 and last traded at $188.26. 24,368 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 59,527 shares. The stock had previously closed at $189.37.

iShares Russell Top 200 ETF Price Performance

The firm has a 50-day simple moving average of $187.94 and a 200-day simple moving average of $179.94. The firm has a market capitalization of $2.26 billion, a PE ratio of 26.95 and a beta of 1.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley raised its holdings in iShares Russell Top 200 ETF by 6.7% in the 4th quarter. Morgan Stanley now owns 728,697 shares of the company’s stock worth $124,338,000 after purchasing an additional 45,442 shares during the period. Bank of America Corp DE raised its stake in shares of iShares Russell Top 200 ETF by 1.1% in the third quarter. Bank of America Corp DE now owns 622,338 shares of the company’s stock worth $103,370,000 after buying an additional 6,501 shares during the period. Richmond Investment Services LLC raised its stake in shares of iShares Russell Top 200 ETF by 3.4% in the first quarter. Richmond Investment Services LLC now owns 409,892 shares of the company’s stock worth $65,779,000 after buying an additional 13,456 shares during the period. Lido Advisors LLC lifted its position in shares of iShares Russell Top 200 ETF by 14.8% during the 4th quarter. Lido Advisors LLC now owns 382,370 shares of the company’s stock valued at $65,208,000 after buying an additional 49,404 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of iShares Russell Top 200 ETF by 2.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 359,193 shares of the company’s stock valued at $54,820,000 after acquiring an additional 9,580 shares during the period.

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. The Index includes securities issued by the approximately 200 largest issuers in the Russell 3000 Index.