iShares Russell Top 200 ETF (NYSEARCA:IWL) Sets New 52-Week High – Still a Buy?

iShares Russell Top 200 ETF (NYSEARCA:IWL) reached a new 52-week high during trading on Tuesday . The stock traded as high as $189.41 and last traded at $189.41, with a volume of 20345 shares changing hands. The stock had previously closed at $187.52.

iShares Russell Top 200 ETF Stock Up 0.1%

The stock has a market cap of $2.27 billion, a P/E ratio of 26.95 and a beta of 1.01. The business’s 50-day simple moving average is $184.75 and its two-hundred day simple moving average is $176.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IWL. Garton & Associates Financial Advisors LLC bought a new stake in iShares Russell Top 200 ETF during the 4th quarter valued at $33,000. Advisory Services Network LLC purchased a new position in shares of iShares Russell Top 200 ETF in the third quarter valued at $41,000. NewEdge Advisors LLC grew its position in shares of iShares Russell Top 200 ETF by 93.1% in the third quarter. NewEdge Advisors LLC now owns 394 shares of the company’s stock valued at $65,000 after purchasing an additional 190 shares in the last quarter. Covestor Ltd bought a new stake in shares of iShares Russell Top 200 ETF during the 4th quarter valued at $71,000. Finally, Qube Research & Technologies Ltd raised its stake in shares of iShares Russell Top 200 ETF by 66.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 637 shares of the company’s stock valued at $106,000 after purchasing an additional 254 shares during the period.

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.