iShares Russell Top 200 ETF (NYSEARCA:IWL) Sees Large Volume Increase – Here’s What Happened

iShares Russell Top 200 ETF (NYSEARCA:IWL) shares saw unusually-high trading volume on Thursday . Approximately 174,883 shares changed hands during mid-day trading, an increase of 172% from the previous session’s volume of 64,314 shares.The stock last traded at $150.92 and had previously closed at $151.73.

iShares Russell Top 200 ETF Stock Performance

The stock has a market capitalization of $1.73 billion, a PE ratio of 28.61 and a beta of 1.00. The company’s fifty day simple moving average is $147.91 and its two-hundred day simple moving average is $143.03.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jackson Wealth Management LLC purchased a new position in iShares Russell Top 200 ETF during the third quarter worth $426,000. Silver Oak Securities Incorporated increased its position in iShares Russell Top 200 ETF by 1.9% during the 3rd quarter. Silver Oak Securities Incorporated now owns 12,795 shares of the company’s stock worth $1,789,000 after purchasing an additional 238 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in iShares Russell Top 200 ETF by 640.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,187 shares of the company’s stock worth $3,256,000 after purchasing an additional 20,057 shares in the last quarter. Manchester Financial Inc. acquired a new position in iShares Russell Top 200 ETF in the 3rd quarter valued at about $2,122,000. Finally, Farther Finance Advisors LLC purchased a new position in iShares Russell Top 200 ETF in the 3rd quarter valued at about $35,000.

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.