iShares Russell Top 200 ETF (NYSEARCA:IWL) Hits New 12-Month High – Here’s Why

iShares Russell Top 200 ETF (NYSEARCA:IWL)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $147.30 and last traded at $147.18, with a volume of 78639 shares trading hands. The stock had previously closed at $146.22.

iShares Russell Top 200 ETF Stock Up 0.7 %

The company has a market cap of $1.59 billion, a P/E ratio of 27.78 and a beta of 1.01. The business has a fifty day moving average of $142.18 and a 200 day moving average of $136.46.

Hedge Funds Weigh In On iShares Russell Top 200 ETF

A number of institutional investors have recently bought and sold shares of IWL. Farther Finance Advisors LLC bought a new stake in shares of iShares Russell Top 200 ETF in the third quarter worth about $35,000. Truvestments Capital LLC purchased a new position in shares of iShares Russell Top 200 ETF during the 3rd quarter worth about $52,000. Centennial Bank AR purchased a new stake in iShares Russell Top 200 ETF in the 3rd quarter worth about $64,000. Investors Research Corp lifted its stake in iShares Russell Top 200 ETF by 126.9% in the third quarter. Investors Research Corp now owns 615 shares of the company’s stock worth $86,000 after purchasing an additional 344 shares during the last quarter. Finally, California State Teachers Retirement System purchased a new position in iShares Russell Top 200 ETF during the 1st quarter worth $88,000.

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.