iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) Sees Strong Trading Volume – What’s Next?

Shares of iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) saw an uptick in trading volume on Tuesday. Approximately 633,267 shares changed hands during trading, an increase of 45% from the previous session’s volume of 437,042 shares. The stock last traded at $288.5820 and had previously closed at $288.48.

iShares Russell Top 200 Growth ETF Stock Up 0.2%

The company has a market capitalization of $16.28 billion, a price-to-earnings ratio of 35.13 and a beta of 1.16. The business has a fifty day simple moving average of $291.06 and a two-hundred day simple moving average of $285.48.

Hedge Funds Weigh In On iShares Russell Top 200 Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of IWY. Baird Financial Group Inc. increased its position in iShares Russell Top 200 Growth ETF by 6.0% in the second quarter. Baird Financial Group Inc. now owns 41,456 shares of the company’s stock worth $12,048,000 after purchasing an additional 2,337 shares during the period. Brookstone Capital Management lifted its position in iShares Russell Top 200 Growth ETF by 9.7% during the 2nd quarter. Brookstone Capital Management now owns 115,100 shares of the company’s stock valued at $33,450,000 after purchasing an additional 10,217 shares during the period. Cetera Investment Advisers lifted its position in iShares Russell Top 200 Growth ETF by 4.4% during the 1st quarter. Cetera Investment Advisers now owns 373,839 shares of the company’s stock valued at $93,026,000 after purchasing an additional 15,813 shares during the period. Resolute Advisors LLC acquired a new position in iShares Russell Top 200 Growth ETF during the 2nd quarter valued at about $662,000. Finally, OLD National Bancorp IN bought a new position in shares of iShares Russell Top 200 Growth ETF in the 1st quarter valued at about $18,028,000.

iShares Russell Top 200 Growth ETF Company Profile

iShares Russell Top 200 Growth ETF (the Fund), formerly iShares Russell Top 200 Growth Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Growth Index (the Growth Index). The Growth Index is a style factor weighted index that measures the performance of the largest capitalization growth sector of the United States equity market. The Fund invests in a representative sample of securities included in the Growth Index that collectively has an investment profile similar to the Growth Index.