iShares Russell Top 200 ETF (NYSEARCA:IWL) Reaches New 1-Year High – Here’s Why

iShares Russell Top 200 ETF (NYSEARCA:IWL)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $183.83 and last traded at $183.44, with a volume of 22900 shares changing hands. The stock had previously closed at $183.28.

iShares Russell Top 200 ETF Price Performance

The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 26.95 and a beta of 1.01. The stock’s 50-day moving average is $169.13 and its 200 day moving average is $169.92.

Institutional Investors Weigh In On iShares Russell Top 200 ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC lifted its position in iShares Russell Top 200 ETF by 15.8% in the first quarter. Wealthfront Advisers LLC now owns 22,174 shares of the company’s stock valued at $3,558,000 after purchasing an additional 3,033 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of iShares Russell Top 200 ETF by 4.8% in the 1st quarter. Bank of New York Mellon Corp now owns 3,201 shares of the company’s stock worth $514,000 after acquiring an additional 147 shares during the period. Fifth Third Bancorp acquired a new stake in shares of iShares Russell Top 200 ETF in the 1st quarter worth approximately $185,000. TSA Wealth Managment LLC acquired a new stake in shares of iShares Russell Top 200 ETF in the 1st quarter worth approximately $347,000. Finally, CFS Investment Advisory Services LLC acquired a new stake in shares of iShares Russell Top 200 ETF in the 1st quarter worth approximately $305,000.

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