iShares Russell Top 200 ETF (NYSEARCA:IWL) Sees Unusually-High Trading Volume – Here’s Why

iShares Russell Top 200 ETF (NYSEARCA:IWL) saw an uptick in trading volume on Tuesday . 230,443 shares traded hands during trading, an increase of 185% from the previous session’s volume of 80,918 shares.The stock last traded at $125.44 and had previously closed at $124.05.

iShares Russell Top 200 ETF Stock Performance

The stock has a market cap of $1.37 billion, a P/E ratio of 26.39 and a beta of 1.01. The firm has a 50-day moving average price of $143.33 and a 200-day moving average price of $144.29.

Institutional Trading of iShares Russell Top 200 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IWL. Jones Financial Companies Lllp bought a new stake in iShares Russell Top 200 ETF during the fourth quarter worth about $40,000. Frazier Financial Advisors LLC bought a new stake in shares of iShares Russell Top 200 ETF in the 4th quarter worth approximately $51,000. Franklin Resources Inc. bought a new stake in shares of iShares Russell Top 200 ETF in the 3rd quarter worth approximately $54,000. AdvisorNet Financial Inc increased its position in iShares Russell Top 200 ETF by 80.7% during the 1st quarter. AdvisorNet Financial Inc now owns 542 shares of the company’s stock valued at $74,000 after buying an additional 242 shares in the last quarter. Finally, Comprehensive Financial Planning Inc. PA bought a new position in iShares Russell Top 200 ETF during the 4th quarter valued at approximately $95,000.

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.