iShares Russell Top 200 ETF (NYSEARCA:IWL) Reaches New 52-Week High – Still a Buy?

Shares of iShares Russell Top 200 ETF (NYSEARCA:IWL) reached a new 52-week high during trading on Thursday . The stock traded as high as $192.66 and last traded at $192.66, with a volume of 5781 shares trading hands. The stock had previously closed at $191.22.

iShares Russell Top 200 ETF Trading Up 0.7%

The business’s 50 day simple moving average is $185.05 and its 200 day simple moving average is $177.00. The firm has a market capitalization of $2.29 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 added to or reduced their stakes in IWL. GeoWealth Management LLC grew its stake 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 valued at $2,374,000 after purchasing an additional 66 shares during the last quarter. PKS Advisory Services LLC raised its stake in shares of iShares Russell Top 200 ETF by 2.0% in the fourth quarter. PKS Advisory Services LLC now owns 4,748 shares of the company’s stock worth $810,000 after purchasing an additional 95 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of iShares Russell Top 200 ETF by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 3,201 shares of the company’s stock worth $514,000 after purchasing an additional 147 shares during the period. Cozad Asset Management Inc. lifted its holdings in shares of iShares Russell Top 200 ETF by 2.2% during the first quarter. Cozad Asset Management Inc. now owns 7,842 shares of the company’s stock worth $1,258,000 after purchasing an additional 169 shares during the period. Finally, NewEdge Advisors LLC boosted its position in iShares Russell Top 200 ETF by 93.1% in the third quarter. NewEdge Advisors LLC now owns 394 shares of the company’s stock valued at $65,000 after buying an additional 190 shares during the last quarter.

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.