iShares Russell Top 200 ETF (NYSEARCA:IWL) Reaches New 52-Week High – Still a Buy?

iShares Russell Top 200 ETF (NYSEARCA:IWL)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $176.59 and last traded at $176.10, with a volume of 14874 shares traded. The stock had previously closed at $176.52.

iShares Russell Top 200 ETF Price Performance

The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 26.95 and a beta of 1.00. The firm has a 50-day moving average price of $166.96 and a two-hundred day moving average price of $168.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IWL. Garton & Associates Financial Advisors LLC acquired a new position in shares of iShares Russell Top 200 ETF during the fourth quarter worth about $33,000. Root Financial Partners LLC acquired a new position in shares of iShares Russell Top 200 ETF during the third quarter worth about $38,000. AE Wealth Management LLC boosted its position in shares of iShares Russell Top 200 ETF by 187.1% during the third quarter. AE Wealth Management LLC now owns 244 shares of the company’s stock worth $40,000 after buying an additional 159 shares during the period. Advisory Services Network LLC acquired a new position in shares of iShares Russell Top 200 ETF during the third quarter worth about $41,000. Finally, Allworth Financial LP acquired a new position in iShares Russell Top 200 ETF during the third quarter valued at approximately $47,000.

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. The Index includes securities issued by the approximately 200 largest issuers in the Russell 3000 Index.