iShares Russell Top 200 ETF (NYSEARCA:IWL) Sets New 1-Year High – Still a Buy?

Shares of iShares Russell Top 200 ETF (NYSEARCA:IWL) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $192.95 and last traded at $192.9740, with a volume of 27840 shares changing hands. The stock had previously closed at $189.65.

iShares Russell Top 200 ETF Stock Performance

The firm has a market capitalization of $2.24 billion, a P/E ratio of 26.95 and a beta of 1.01. The company has a 50-day moving average price of $188.49 and a 200-day moving average price of $181.01.

Hedge Funds Weigh In On iShares Russell Top 200 ETF

A number of large investors have recently bought and sold shares of IWL. Richmond Investment Services LLC lifted its position in shares of iShares Russell Top 200 ETF by 3.4% during the 1st 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 last quarter. Lido Advisors LLC grew its position in 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 worth $65,208,000 after acquiring an additional 49,404 shares during the last quarter. Reliant Wealth Planning boosted its stake in shares of iShares Russell Top 200 ETF by 3.9% during the first quarter. Reliant Wealth Planning now owns 206,913 shares of the company’s stock valued at $33,205,000 after purchasing an additional 7,770 shares in the last quarter. Royal Bank of Canada increased its stake in shares of iShares Russell Top 200 ETF by 16.8% in the first quarter. Royal Bank of Canada now owns 155,762 shares of the company’s stock valued at $24,996,000 after buying an additional 22,367 shares during the period. Finally, Manchester Financial Inc. raised its holdings in iShares Russell Top 200 ETF by 1.9% in the 4th quarter. Manchester Financial Inc. now owns 118,491 shares of the company’s stock valued at $20,218,000 after buying an additional 2,178 shares during 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.