iShares Russell Top 200 ETF (NYSEARCA:IWL) Stock Price Down 0.6% – What’s Next?

iShares Russell Top 200 ETF (NYSEARCA:IWL)’s stock price dropped 0.6% during trading on Thursday . The company traded as low as $188.00 and last traded at $188.26. 24,368 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 59,527 shares. The stock had previously closed at $189.37.

iShares Russell Top 200 ETF Price Performance

The company has a fifty day moving average of $187.84 and a two-hundred day moving average of $179.87. The stock has a market capitalization of $2.24 billion, a P/E ratio of 26.95 and a beta of 1.01.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC acquired a new stake in shares of iShares Russell Top 200 ETF during the 4th quarter valued at approximately $33,000. Advisory Services Network LLC bought a new stake in iShares Russell Top 200 ETF during the third quarter valued at $41,000. NewEdge Advisors LLC raised its holdings in shares of iShares Russell Top 200 ETF by 93.1% during the third quarter. NewEdge Advisors LLC now owns 394 shares of the company’s stock worth $65,000 after purchasing an additional 190 shares during the period. Covestor Ltd acquired a new stake in shares of iShares Russell Top 200 ETF during the fourth quarter worth $71,000. Finally, Qube Research & Technologies Ltd lifted its position in shares of iShares Russell Top 200 ETF by 66.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 637 shares of the company’s stock worth $106,000 after buying an additional 254 shares during the last quarter.

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.