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

iShares Russell Top 200 ETF (NYSEARCA:IWL) saw an uptick in trading volume on Monday . 70,051 shares traded hands during mid-day trading, a decline of 4% from the previous session’s volume of 72,751 shares.The stock last traded at $141.20 and had previously closed at $139.03.

iShares Russell Top 200 ETF Stock Up 1.7 %

The company has a 50 day moving average of $145.91 and a 200 day moving average of $144.31. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 26.48 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 IWL. Jones Financial Companies Lllp acquired a new stake in iShares Russell Top 200 ETF during the fourth quarter worth about $40,000. Frazier Financial Advisors LLC purchased a new stake in shares of iShares Russell Top 200 ETF during the 4th quarter worth about $51,000. Truvestments Capital LLC acquired a new stake in iShares Russell Top 200 ETF during the 3rd quarter worth approximately $52,000. Franklin Resources Inc. acquired a new stake in iShares Russell Top 200 ETF during the 3rd quarter worth approximately $54,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in iShares Russell Top 200 ETF during the fourth quarter valued at approximately $95,000.

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.