iShares Russell Top 200 ETF (NYSEARCA:IWL) Sees Strong Trading Volume – Still a Buy?

iShares Russell Top 200 ETF (NYSEARCA:IWL) saw an uptick in trading volume on Monday . 222,286 shares were traded during trading, an increase of 182% from the previous session’s volume of 78,771 shares.The stock last traded at $142.67 and had previously closed at $142.07.

iShares Russell Top 200 ETF Price Performance

The company has a market capitalization of $1.54 billion, a PE ratio of 27.78 and a beta of 1.01. The stock’s 50 day simple moving average is $139.09 and its 200-day simple moving average is $133.66.

Hedge Funds Weigh In On iShares Russell Top 200 ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IWL. Cetera Advisors LLC purchased a new position in iShares Russell Top 200 ETF in the first quarter valued at $722,000. Cetera Investment Advisers raised its position in shares of iShares Russell Top 200 ETF by 44.3% during the 1st quarter. Cetera Investment Advisers now owns 17,751 shares of the company’s stock worth $2,256,000 after acquiring an additional 5,451 shares in the last quarter. Renaissance Technologies LLC lifted its stake in iShares Russell Top 200 ETF by 54.5% during the second quarter. Renaissance Technologies LLC now owns 25,800 shares of the company’s stock worth $3,456,000 after purchasing an additional 9,100 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new stake in iShares Russell Top 200 ETF during the second quarter worth approximately $251,000. Finally, Creative Planning increased its stake in iShares Russell Top 200 ETF by 2.8% in the second quarter. Creative Planning now owns 10,740 shares of the company’s stock valued at $1,439,000 after purchasing an additional 296 shares during the last quarter.

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.