iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) Hits New 12-Month High – Still a Buy?

Shares of iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) hit a new 52-week high on Wednesday . The company traded as high as $291.23 and last traded at $291.14, with a volume of 89035 shares. The stock had previously closed at $289.52.

iShares Russell Top 200 Growth ETF Stock Down 0.8%

The stock has a market capitalization of $17.31 billion, a price-to-earnings ratio of 35.13 and a beta of 1.16. The company has a 50 day simple moving average of $266.35 and a 200-day simple moving average of $271.37.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of IWY. Total Clarity Wealth Management Inc. increased its stake in iShares Russell Top 200 Growth ETF by 2.3% in the first quarter. Total Clarity Wealth Management Inc. now owns 1,673 shares of the company’s stock valued at $416,000 after purchasing an additional 37 shares in the last quarter. Financial Engines Advisors L.L.C. boosted its position in shares of iShares Russell Top 200 Growth ETF by 1.4% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 2,736 shares of the company’s stock worth $749,000 after purchasing an additional 38 shares in the last quarter. Sowell Financial Services LLC grew its stake in shares of iShares Russell Top 200 Growth ETF by 1.8% in the 4th quarter. Sowell Financial Services LLC now owns 2,179 shares of the company’s stock valued at $603,000 after buying an additional 39 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of iShares Russell Top 200 Growth ETF by 3.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,383 shares of the company’s stock valued at $376,000 after buying an additional 40 shares during the period. Finally, Barnes Wealth Management Group Inc increased its position in iShares Russell Top 200 Growth ETF by 2.1% in the 4th quarter. Barnes Wealth Management Group Inc now owns 2,052 shares of the company’s stock valued at $568,000 after buying an additional 43 shares in the last quarter.

About iShares Russell Top 200 Growth ETF

iShares Russell Top 200 Growth ETF (the Fund), formerly iShares Russell Top 200 Growth Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Growth Index (the Growth Index). The Growth Index is a style factor weighted index that measures the performance of the largest capitalization growth sector of the United States equity market. The Fund invests in a representative sample of securities included in the Growth Index that collectively has an investment profile similar to the Growth Index.