iShares Russell Top 200 ETF (NYSEARCA:IWL) Hits New 52-Week High – What’s Next?

iShares Russell Top 200 ETF (NYSEARCA:IWL)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $177.66 and last traded at $177.65, with a volume of 37564 shares. The stock had previously closed at $176.69.

iShares Russell Top 200 ETF Price Performance

The firm’s fifty day moving average price is $167.76 and its 200-day moving average price is $169.25. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 26.95 and a beta of 1.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Forefront Wealth Partners LLC increased its stake in shares of iShares Russell Top 200 ETF by 63.2% in the third quarter. Forefront Wealth Partners LLC now owns 9,621 shares of the company’s stock valued at $1,598,000 after buying an additional 3,726 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of iShares Russell Top 200 ETF by 22.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 52,300 shares of the company’s stock valued at $8,924,000 after buying an additional 9,484 shares during the period. Silver Oak Securities Incorporated increased its stake in shares of iShares Russell Top 200 ETF by 53.7% in the fourth quarter. Silver Oak Securities Incorporated now owns 12,968 shares of the company’s stock valued at $2,228,000 after buying an additional 4,530 shares during the period. Annex Advisory Services LLC acquired a new position in shares of iShares Russell Top 200 ETF in the fourth quarter valued at approximately $12,935,000. Finally, Win Advisors Inc. acquired a new position in shares of iShares Russell Top 200 ETF in the third quarter valued at approximately $1,893,000.

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.