iShares Russell Top 200 ETF (NYSEARCA:IWL) Sees Large Volume Increase

iShares Russell Top 200 ETF (NYSEARCA:IWL) saw unusually-high trading volume on Tuesday . Approximately 107,918 shares traded hands during trading, an increase of 26% from the previous session’s volume of 85,410 shares.The stock last traded at $134.57 and had previously closed at $134.60.

iShares Russell Top 200 ETF Trading Up 0.6 %

The stock has a 50 day moving average of $129.44 and a 200-day moving average of $124.01. The company has a market capitalization of $1.47 billion, a P/E ratio of 27.78 and a beta of 1.01.

Hedge Funds Weigh In On iShares Russell Top 200 ETF

A number of hedge funds have recently modified their holdings of IWL. Gradient Investments LLC purchased a new position in shares of iShares Russell Top 200 ETF during the 4th quarter valued at $39,000. California State Teachers Retirement System bought a new stake in iShares Russell Top 200 ETF during the first quarter valued at about $88,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of iShares Russell Top 200 ETF in the fourth quarter valued at about $88,000. Octavia Wealth Advisors LLC bought a new position in shares of iShares Russell Top 200 ETF in the fourth quarter worth about $214,000. Finally, Sollinda Capital Management LLC purchased a new stake in shares of iShares Russell Top 200 ETF during the fourth quarter worth about $230,000.

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.