iShares Russell Top 200 ETF (NYSEARCA:IWL) Hits New 52-Week High – Here’s Why

iShares Russell Top 200 ETF (NYSEARCA:IWL) hit a new 52-week high during trading on Thursday . The company traded as high as $151.04 and last traded at $150.95, with a volume of 97556 shares. The stock had previously closed at $149.35.

iShares Russell Top 200 ETF Stock Up 0.0 %

The business’s fifty day moving average price is $147.78 and its 200 day moving average price is $142.57. The firm has a market capitalization of $1.63 billion, a PE ratio of 27.78 and a beta of 1.01.

Institutional Investors Weigh In On iShares Russell Top 200 ETF

Several hedge funds have recently modified their holdings of the stock. Stifel Financial Corp lifted its position in shares of iShares Russell Top 200 ETF by 13.8% during the third quarter. Stifel Financial Corp now owns 9,893 shares of the company’s stock worth $1,389,000 after purchasing an additional 1,196 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in iShares Russell Top 200 ETF during the fourth quarter valued at $1,447,000. Jane Street Group LLC bought a new stake in iShares Russell Top 200 ETF during the third quarter valued at $1,103,000. FMR LLC increased its stake in iShares Russell Top 200 ETF by 2.4% during the third quarter. FMR LLC now owns 7,341 shares of the company’s stock valued at $1,031,000 after purchasing an additional 175 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in iShares Russell Top 200 ETF during the third quarter valued at $54,000.

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.