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

iShares Russell Top 200 ETF (NYSEARCA:IWL) saw unusually-high trading volume on Thursday . Approximately 174,883 shares traded hands during 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 company’s 50-day moving average price is $147.95 and its 200 day moving average price is $143.24. The stock has a market capitalization of $1.70 billion, a P/E ratio of 28.61 and a beta of 1.00.

Hedge Funds Weigh In On iShares Russell Top 200 ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC purchased a new position in shares of iShares Russell Top 200 ETF during the 3rd quarter worth about $35,000. Jones Financial Companies Lllp bought a new position in shares of iShares Russell Top 200 ETF during the fourth quarter valued at approximately $40,000. Frazier Financial Advisors LLC bought a new position in shares of iShares Russell Top 200 ETF during the fourth quarter valued at approximately $51,000. Truvestments Capital LLC purchased a new stake in shares of iShares Russell Top 200 ETF in the third quarter worth approximately $52,000. Finally, Franklin Resources Inc. bought a new stake in shares of iShares Russell Top 200 ETF during the 3rd quarter worth approximately $54,000.

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.