iShares Russell Top 200 ETF (NYSEARCA:IWL) Sees Unusually-High Trading Volume – Time to Buy?

iShares Russell Top 200 ETF (NYSEARCA:IWL) shares saw unusually-strong trading volume on Monday . Approximately 78,242 shares were traded during mid-day trading, an increase of 48% from the previous session’s volume of 52,844 shares.The stock last traded at $148.32 and had previously closed at $146.32.

iShares Russell Top 200 ETF Stock Performance

The company has a market capitalization of $1.59 billion, a P/E ratio of 27.78 and a beta of 1.01. The firm has a 50 day moving average price of $146.09 and a two-hundred day moving average price of $140.01.

Institutional Trading of iShares Russell Top 200 ETF

Institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its stake in shares of iShares Russell Top 200 ETF by 3.7% in the second quarter. Commonwealth Equity Services LLC now owns 43,696 shares of the company’s stock valued at $5,853,000 after buying an additional 1,571 shares during the period. Thoroughbred Financial Services LLC increased its holdings in iShares Russell Top 200 ETF by 86.2% in the second quarter. Thoroughbred Financial Services LLC now owns 35,563 shares of the company’s stock valued at $4,763,000 after purchasing an additional 16,461 shares during the period. Envestnet Asset Management Inc. increased its holdings in iShares Russell Top 200 ETF by 147.4% in the second quarter. Envestnet Asset Management Inc. now owns 41,549 shares of the company’s stock valued at $5,565,000 after purchasing an additional 24,754 shares during the period. Renaissance Technologies LLC grew its holdings in iShares Russell Top 200 ETF by 54.5% during the 2nd quarter. Renaissance Technologies LLC now owns 25,800 shares of the company’s stock worth $3,456,000 after acquiring an additional 9,100 shares during the period. Finally, Creative Planning grew its holdings in iShares Russell Top 200 ETF by 2.8% during the 2nd quarter. Creative Planning now owns 10,740 shares of the company’s stock worth $1,439,000 after acquiring an additional 296 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.