Redstone Wealth Management LLC Makes New Investment in iShares Russell Top 200 ETF $IWL

Redstone Wealth Management LLC acquired a new position in shares of iShares Russell Top 200 ETF (NYSEARCA:IWL) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 15,550 shares of the company’s stock, valued at approximately $2,653,000. iShares Russell Top 200 ETF accounts for 2.1% of Redstone Wealth Management LLC’s portfolio, making the stock its 12th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in IWL. Root Financial Partners LLC bought a new position in shares of iShares Russell Top 200 ETF during the 3rd quarter worth about $38,000. AE Wealth Management LLC increased its holdings in shares of iShares Russell Top 200 ETF by 187.1% during the 3rd quarter. AE Wealth Management LLC now owns 244 shares of the company’s stock worth $40,000 after purchasing an additional 159 shares during the period. Advisory Services Network LLC bought a new position in shares of iShares Russell Top 200 ETF during the 3rd quarter worth about $41,000. Allworth Financial LP bought a new position in shares of iShares Russell Top 200 ETF during the 3rd quarter worth about $47,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of iShares Russell Top 200 ETF during the 3rd quarter worth about $56,000.

iShares Russell Top 200 ETF Stock Performance

NYSEARCA:IWL opened at $185.39 on Monday. The firm’s 50-day moving average is $172.02 and its 200-day moving average is $170.81. iShares Russell Top 200 ETF has a 52-week low of $142.07 and a 52-week high of $186.49. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 26.95 and a beta of 1.01.

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.