iShares Russell Top 200 ETF (NYSEARCA:IWL) Sees Large Volume Increase – Still a Buy?

Shares of iShares Russell Top 200 ETF (NYSEARCA:IWL) saw unusually-high trading volume on Friday . Approximately 375,444 shares changed hands during mid-day trading, an increase of 469% from the previous session’s volume of 66,037 shares.The stock last traded at $171.0220 and had previously closed at $170.63.

iShares Russell Top 200 ETF Price Performance

The stock has a market capitalization of $1.94 billion, a P/E ratio of 26.95 and a beta of 1.00. The company’s 50-day simple moving average is $169.89 and its 200-day simple moving average is $162.97.

Institutional Investors Weigh In On iShares Russell Top 200 ETF

Several hedge funds have recently added to or reduced their stakes in IWL. Bank of America Corp DE lifted its stake in iShares Russell Top 200 ETF by 1.1% during the third quarter. Bank of America Corp DE now owns 622,338 shares of the company’s stock worth $103,370,000 after purchasing an additional 6,501 shares during the last quarter. Gilbert & Cook Inc. lifted its position in shares of iShares Russell Top 200 ETF by 2.9% during the 2nd quarter. Gilbert & Cook Inc. now owns 531,477 shares of the company’s stock worth $81,380,000 after buying an additional 14,790 shares during the last quarter. Richmond Investment Services LLC boosted its stake in iShares Russell Top 200 ETF by 104.0% in the second quarter. Richmond Investment Services LLC now owns 376,570 shares of the company’s stock valued at $57,660,000 after buying an additional 192,020 shares in the last quarter. Ameriprise Financial Inc. grew its position in iShares Russell Top 200 ETF by 2.7% in the second quarter. Ameriprise Financial Inc. now owns 359,193 shares of the company’s stock valued at $54,820,000 after acquiring an additional 9,580 shares during the last quarter. Finally, Lido Advisors LLC raised its stake in iShares Russell Top 200 ETF by 7.5% during the third quarter. Lido Advisors LLC now owns 332,966 shares of the company’s stock worth $55,306,000 after acquiring an additional 23,301 shares in the last quarter.

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. The Index includes securities issued by the approximately 200 largest issuers in the Russell 3000 Index.