iShares Russell Top 200 ETF (NYSEARCA:IWL) Sees Large Volume Increase – Time to Buy?

Shares of iShares Russell Top 200 ETF (NYSEARCA:IWL) saw unusually-strong trading volume on Wednesday . Approximately 56,706 shares traded hands during mid-day trading, a decline of 17% from the previous session’s volume of 68,284 shares.The stock last traded at $186.22 and had previously closed at $185.39.

iShares Russell Top 200 ETF Trading Up 0.6%

The firm has a 50-day moving average of $173.73 and a 200 day moving average of $171.32. The company has a market cap of $2.24 billion, a P/E ratio of 26.95 and a beta of 1.01.

Institutional Trading of iShares Russell Top 200 ETF

Hedge funds have recently modified their holdings of the stock. Marshall Wace LLP bought a new stake in iShares Russell Top 200 ETF in the second quarter valued at $1,075,000. Bank of Nova Scotia bought a new stake in iShares Russell Top 200 ETF in the 2nd quarter valued at about $2,603,000. Raymond James Financial Inc. raised its stake in iShares Russell Top 200 ETF by 20.4% during the 2nd quarter. Raymond James Financial Inc. now owns 14,670 shares of the company’s stock worth $2,246,000 after buying an additional 2,485 shares during the period. Ameriprise Financial Inc. boosted its holdings in iShares Russell Top 200 ETF by 2.7% in the second quarter. Ameriprise Financial Inc. now owns 359,193 shares of the company’s stock worth $54,820,000 after acquiring an additional 9,580 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in iShares Russell Top 200 ETF by 5.0% in the second quarter. Bank of America Corp DE now owns 615,837 shares of the company’s stock valued at $94,297,000 after acquiring an additional 29,086 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.