iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) Reaches New 12-Month High – Should You Buy?

Shares of iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) reached a new 52-week high on Monday . The company traded as high as $226.13 and last traded at $225.62, with a volume of 10893 shares trading hands. The stock had previously closed at $224.07.

iShares Russell Top 200 Growth ETF Price Performance

The stock has a 50 day simple moving average of $216.84 and a 200-day simple moving average of $209.03. The firm has a market cap of $11.20 billion, a PE ratio of 38.86 and a beta of 1.24.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IWY. Williams Financial LLC raised its holdings in shares of iShares Russell Top 200 Growth ETF by 6,173.3% during the second quarter. Williams Financial LLC now owns 7,098,032 shares of the company’s stock valued at $1,414,894,000 after purchasing an additional 6,984,885 shares during the last quarter. TIAA Trust National Association lifted its holdings in iShares Russell Top 200 Growth ETF by 4.8% in the second quarter. TIAA Trust National Association now owns 6,277,143 shares of the company’s stock valued at $1,346,573,000 after acquiring an additional 288,548 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in iShares Russell Top 200 Growth ETF by 14.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,759,140 shares of the company’s stock worth $1,123,608,000 after purchasing an additional 731,194 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of iShares Russell Top 200 Growth ETF by 8.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,852,098 shares of the company’s stock worth $611,832,000 after purchasing an additional 212,165 shares during the period. Finally, LPL Financial LLC raised its position in iShares Russell Top 200 Growth ETF by 18.9% in the second quarter. LPL Financial LLC now owns 1,866,518 shares of the company’s stock worth $400,405,000 after acquiring an additional 296,675 shares during the period.

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.