iShares Russell Top 200 ETF (NYSEARCA:IWL) Hits New 52-Week High – Time to Buy?

iShares Russell Top 200 ETF (NYSEARCA:IWL)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $180.82 and last traded at $180.82, with a volume of 7602 shares. The stock had previously closed at $179.38.

iShares Russell Top 200 ETF Price Performance

The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 26.95 and a beta of 1.01. The stock has a fifty day moving average of $168.12 and a 200 day moving average of $169.47.

Institutional Investors Weigh In On iShares Russell Top 200 ETF

A number of institutional investors and hedge funds have recently modified their holdings of IWL. Geneos Wealth Management Inc. lifted its holdings in iShares Russell Top 200 ETF by 2.2% in the third quarter. Geneos Wealth Management Inc. now owns 2,899 shares of the company’s stock valued at $482,000 after acquiring an additional 62 shares during the period. GeoWealth Management LLC lifted its holdings in iShares Russell Top 200 ETF by 0.5% in the third quarter. GeoWealth Management LLC now owns 14,295 shares of the company’s stock valued at $2,374,000 after acquiring an additional 66 shares during the period. Cozad Asset Management Inc. lifted its holdings in iShares Russell Top 200 ETF by 1.0% in the third quarter. Cozad Asset Management Inc. now owns 6,881 shares of the company’s stock valued at $1,143,000 after acquiring an additional 67 shares during the period. DAVENPORT & Co LLC lifted its holdings in iShares Russell Top 200 ETF by 3.0% in the fourth quarter. DAVENPORT & Co LLC now owns 2,695 shares of the company’s stock valued at $460,000 after acquiring an additional 78 shares during the period. Finally, PKS Advisory Services LLC lifted its holdings in iShares Russell Top 200 ETF by 2.0% in the fourth quarter. PKS Advisory Services LLC now owns 4,748 shares of the company’s stock valued at $810,000 after acquiring an additional 95 shares during the period.

iShares Russell Top 200 ETF Company Profile

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.