iShares Russell Top 200 ETF (NYSEARCA:IWL) Hits New 12-Month High – Should You Buy?

iShares Russell Top 200 ETF (NYSEARCA:IWL) shares reached a new 52-week high on Tuesday . The stock traded as high as $173.58 and last traded at $173.37, with a volume of 33372 shares trading hands. The stock had previously closed at $173.04.

iShares Russell Top 200 ETF Stock Up 0.2%

The firm has a market cap of $2.16 billion, a P/E ratio of 26.95 and a beta of 1.00. The stock’s 50-day moving average is $170.04 and its 200-day moving average is $164.33.

Institutional Investors Weigh In On iShares Russell Top 200 ETF

Several hedge funds have recently made changes to their positions in IWL. Richmond Investment Services LLC increased its stake in iShares Russell Top 200 ETF by 104.0% during the second quarter. Richmond Investment Services LLC now owns 376,570 shares of the company’s stock valued at $57,660,000 after acquiring an additional 192,020 shares during the period. Searcy Financial Services Inc. ADV acquired a new stake in shares of iShares Russell Top 200 ETF during the 2nd quarter worth approximately $27,415,000. Heck Capital Advisors LLC increased its position in shares of iShares Russell Top 200 ETF by 437.0% during the second quarter. Heck Capital Advisors LLC now owns 204,097 shares of the company’s stock valued at $31,251,000 after purchasing an additional 166,091 shares during the period. Prescott Group Capital Management L.L.C. increased its position in shares of iShares Russell Top 200 ETF by 48.1% during the second quarter. Prescott Group Capital Management L.L.C. now owns 134,450 shares of the company’s stock valued at $20,587,000 after purchasing an additional 43,695 shares during the period. Finally, George Kaiser Family Foundation raised its stake in shares of iShares Russell Top 200 ETF by 48.1% in the second quarter. George Kaiser Family Foundation now owns 134,450 shares of the company’s stock valued at $20,587,000 after purchasing an additional 43,695 shares in the last quarter.

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.