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-high trading volume on Wednesday . Approximately 56,706 shares traded hands during trading, a decline of 17% from the previous session’s volume of 68,284 shares.The stock last traded at $186.22 and had previously closed at $185.39.

iShares Russell Top 200 ETF Stock Performance

The firm has a fifty day simple moving average of $172.88 and a 200-day simple moving average of $171.04. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 26.95 and a beta of 1.01.

Institutional Investors Weigh In On iShares Russell Top 200 ETF

Hedge funds have recently added to or reduced their stakes in the business. GeoWealth Management LLC increased its position in iShares Russell Top 200 ETF by 0.5% during the 3rd quarter. GeoWealth Management LLC now owns 14,295 shares of the company’s stock worth $2,374,000 after buying an additional 66 shares during the period. Cozad Asset Management Inc. increased its position in iShares Russell Top 200 ETF by 1.0% during the 3rd quarter. Cozad Asset Management Inc. now owns 6,881 shares of the company’s stock worth $1,143,000 after buying an additional 67 shares during the period. DAVENPORT & Co LLC increased its position in iShares Russell Top 200 ETF by 3.0% during the 4th quarter. DAVENPORT & Co LLC now owns 2,695 shares of the company’s stock worth $460,000 after buying an additional 78 shares during the period. PKS Advisory Services LLC increased its position in iShares Russell Top 200 ETF by 2.0% during the 4th quarter. PKS Advisory Services LLC now owns 4,748 shares of the company’s stock worth $810,000 after buying an additional 95 shares during the period. Finally, Jackson Wealth Management LLC increased its position in iShares Russell Top 200 ETF by 4.9% during the 4th quarter. Jackson Wealth Management LLC now owns 2,535 shares of the company’s stock worth $433,000 after buying an additional 119 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.