iShares Russell Top 200 ETF (NYSEARCA:IWL) Sees Unusually-High Trading Volume – Here’s Why

iShares Russell Top 200 ETF (NYSEARCA:IWL) shares saw strong trading volume on Friday . 89,635 shares were traded during mid-day trading, an increase of 100% from the previous session’s volume of 44,727 shares.The stock last traded at $147.72 and had previously closed at $145.92.

iShares Russell Top 200 ETF Stock Up 1.3 %

The company has a market cap of $1.60 billion, a PE ratio of 27.78 and a beta of 1.01. The business’s 50 day moving average price is $146.68 and its 200-day moving average price is $140.59.

Institutional Trading of iShares Russell Top 200 ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Tompkins Financial Corp boosted its holdings in iShares Russell Top 200 ETF by 9.1% in the third quarter. Tompkins Financial Corp now owns 1,010,883 shares of the company’s stock valued at $141,968,000 after purchasing an additional 83,965 shares during the last quarter. Gilbert & Cook Inc. boosted its stake in shares of iShares Russell Top 200 ETF by 5.1% during the 3rd quarter. Gilbert & Cook Inc. now owns 507,200 shares of the company’s stock valued at $71,231,000 after buying an additional 24,423 shares during the last quarter. Pegasus Partners Ltd. boosted its stake in shares of iShares Russell Top 200 ETF by 1.2% during the 3rd quarter. Pegasus Partners Ltd. now owns 220,310 shares of the company’s stock valued at $30,940,000 after buying an additional 2,521 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of iShares Russell Top 200 ETF during the fourth quarter worth approximately $8,979,000. Finally, Nicollet Investment Management Inc. increased its stake in shares of iShares Russell Top 200 ETF by 2.7% in the third quarter. Nicollet Investment Management Inc. now owns 46,817 shares of the company’s stock worth $6,575,000 after buying an additional 1,243 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.