iShares Russell Top 200 ETF (NYSEARCA:IWL) Sees Unusually-High Trading Volume – Time to Buy?

iShares Russell Top 200 ETF (NYSEARCA:IWL) shares saw an uptick in trading volume on Thursday . Approximately 224,640 shares were traded during trading, an increase of 278% from the previous session’s volume of 59,353 shares.The stock last traded at $189.65 and had previously closed at $190.25.

iShares Russell Top 200 ETF Stock Performance

The company has a market cap of $2.26 billion, a price-to-earnings ratio of 26.95 and a beta of 1.01. The firm has a fifty day moving average price of $185.81 and a 200 day moving average price of $177.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Garton & Associates Financial Advisors LLC bought a new stake in shares of iShares Russell Top 200 ETF in the 4th quarter valued at about $33,000. Advisory Services Network LLC bought a new position in iShares Russell Top 200 ETF during the third quarter worth about $41,000. NewEdge Advisors LLC increased its position in iShares Russell Top 200 ETF by 93.1% during the third quarter. NewEdge Advisors LLC now owns 394 shares of the company’s stock worth $65,000 after buying an additional 190 shares during the last quarter. Covestor Ltd bought a new stake in iShares Russell Top 200 ETF in the fourth quarter valued at approximately $71,000. Finally, Qube Research & Technologies Ltd raised its stake in iShares Russell Top 200 ETF by 66.3% in the third quarter. Qube Research & Technologies Ltd now owns 637 shares of the company’s stock valued at $106,000 after buying an additional 254 shares during the period.

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.