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

Shares of iShares Russell Top 200 ETF (NYSEARCA:IWL) hit a new 52-week high during trading on Friday . The company traded as high as $172.91 and last traded at $172.6650, with a volume of 499 shares trading hands. The stock had previously closed at $172.65.

iShares Russell Top 200 ETF Price Performance

The business’s fifty day moving average price is $169.58 and its 200-day moving average price is $162.44. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 26.95 and a beta of 1.00.

Institutional Investors Weigh In On iShares Russell Top 200 ETF

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in shares of iShares Russell Top 200 ETF by 1.1% during the 3rd quarter. Bank of America Corp DE now owns 622,338 shares of the company’s stock valued at $103,370,000 after purchasing an additional 6,501 shares during the last quarter. Gilbert & Cook Inc. lifted its stake in iShares Russell Top 200 ETF by 2.9% in the second quarter. Gilbert & Cook Inc. now owns 531,477 shares of the company’s stock worth $81,380,000 after purchasing an additional 14,790 shares during the last quarter. Richmond Investment Services LLC boosted its position in iShares Russell Top 200 ETF by 104.0% during 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 during the period. Ameriprise Financial Inc. grew its stake in shares of iShares Russell Top 200 ETF by 2.7% during the second quarter. Ameriprise Financial Inc. now owns 359,193 shares of the company’s stock valued at $54,820,000 after buying an additional 9,580 shares during the last quarter. Finally, Lido Advisors LLC grew its stake in shares of 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 valued at $55,306,000 after buying an additional 23,301 shares during the last quarter.

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