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

Shares of iShares Russell Top 200 ETF (NYSEARCA:IWL) saw unusually-high trading volume on Thursday . Approximately 174,883 shares changed hands during mid-day trading, an increase of 172% from the previous session’s volume of 64,314 shares.The stock last traded at $150.92 and had previously closed at $151.73.

iShares Russell Top 200 ETF Stock Down 1.7 %

The firm has a 50 day moving average price of $147.95 and a two-hundred day moving average price of $143.24. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 28.61 and a beta of 1.00.

Hedge Funds Weigh In On iShares Russell Top 200 ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Prescott Group Capital Management L.L.C. bought a new position in shares of iShares Russell Top 200 ETF during the 4th quarter worth about $854,287,000. Tompkins Financial Corp grew its position in shares of iShares Russell Top 200 ETF by 9.1% during the 3rd quarter. Tompkins Financial Corp now owns 1,010,883 shares of the company’s stock valued at $141,968,000 after acquiring an additional 83,965 shares during the period. Bank of America Corp DE raised its holdings in shares of iShares Russell Top 200 ETF by 40.2% in the 4th quarter. Bank of America Corp DE now owns 578,252 shares of the company’s stock worth $83,679,000 after purchasing an additional 165,767 shares during the period. Gilbert & Cook Inc. raised its stake in shares of iShares Russell Top 200 ETF by 5.1% in the third quarter. Gilbert & Cook Inc. now owns 507,200 shares of the company’s stock valued at $71,231,000 after buying an additional 24,423 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in iShares Russell Top 200 ETF by 3.1% in the 4th quarter. Ameriprise Financial Inc. now owns 368,365 shares of the company’s stock worth $53,307,000 after acquiring an additional 11,151 shares during the last quarter.

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.