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

iShares Russell Top 200 ETF (NYSEARCA:IWL) shares saw unusually-strong trading volume on Thursday . Approximately 174,883 shares were traded during trading, an increase of 172% from the previous session’s volume of 64,314 shares.The stock last traded at $150.92 and had previously closed at $151.73.

iShares Russell Top 200 ETF Price Performance

The firm has a market cap of $1.73 billion, a PE ratio of 28.61 and a beta of 1.00. The stock has a 50-day moving average price of $147.91 and a 200 day moving average price of $143.03.

Hedge Funds Weigh In On iShares Russell Top 200 ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Michels Family Financial LLC purchased a new stake in iShares Russell Top 200 ETF during the fourth quarter valued at about $352,000. Richmond Investment Services LLC acquired a new position in shares of iShares Russell Top 200 ETF in the 4th quarter valued at about $25,226,000. Waverly Advisors LLC purchased a new stake in shares of iShares Russell Top 200 ETF during the 4th quarter worth about $3,444,000. Two Sigma Investments LP acquired a new stake in iShares Russell Top 200 ETF during the 4th quarter worth approximately $6,107,000. Finally, Royal Bank of Canada raised its holdings in iShares Russell Top 200 ETF by 22.6% in the fourth quarter. Royal Bank of Canada now owns 134,460 shares of the company’s stock valued at $19,457,000 after buying an additional 24,776 shares during the period.

iShares Russell Top 200 ETF Company Profile

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.