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 Monday . Approximately 78,242 shares changed hands during 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 Trading Up 0.2 %

The firm’s fifty day moving average price is $146.25 and its two-hundred day moving average price is $140.18. The stock has a market capitalization of $1.58 billion, a PE ratio of 27.78 and a beta of 1.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IWL. Stifel Financial Corp increased its stake in iShares Russell Top 200 ETF by 13.8% during the 3rd quarter. Stifel Financial Corp now owns 9,893 shares of the company’s stock worth $1,389,000 after buying an additional 1,196 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of iShares Russell Top 200 ETF during the third quarter worth approximately $1,103,000. FMR LLC raised its stake in iShares Russell Top 200 ETF by 2.4% in the 3rd 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. Sanctuary Advisors LLC raised its stake in iShares Russell Top 200 ETF by 2.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,731 shares of the company’s stock valued at $398,000 after purchasing an additional 72 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in iShares Russell Top 200 ETF in the 3rd 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.