iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) Sees Strong Trading Volume – Should You Buy?

iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) shares saw unusually-high trading volume on Friday . Approximately 136,460 shares traded hands during mid-day trading, a decline of 49% from the previous session’s volume of 265,784 shares.The stock last traded at $237.16 and had previously closed at $234.25.

iShares Russell Top 200 Growth ETF Trading Up 1.6 %

The company has a market cap of $11.83 billion, a price-to-earnings ratio of 38.86 and a beta of 1.24. The stock has a 50 day moving average price of $233.36 and a two-hundred day moving average price of $221.26.

Institutional Trading of iShares Russell Top 200 Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of IWY. Integrated Capital Management LLC grew its holdings in iShares Russell Top 200 Growth ETF by 4.3% during the fourth quarter. Integrated Capital Management LLC now owns 99,808 shares of the company’s stock valued at $23,482,000 after purchasing an additional 4,099 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of iShares Russell Top 200 Growth ETF by 38.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 44,410 shares of the company’s stock valued at $9,772,000 after buying an additional 12,377 shares during the period. SMART Wealth LLC increased its position in shares of iShares Russell Top 200 Growth ETF by 82.2% in the 3rd quarter. SMART Wealth LLC now owns 3,008 shares of the company’s stock valued at $662,000 after buying an additional 1,357 shares in the last quarter. Franklin Resources Inc. raised its stake in iShares Russell Top 200 Growth ETF by 17.8% during the 3rd quarter. Franklin Resources Inc. now owns 317 shares of the company’s stock worth $71,000 after buying an additional 48 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in iShares Russell Top 200 Growth ETF by 16.5% during the third quarter. Sanctuary Advisors LLC now owns 16,335 shares of the company’s stock worth $3,733,000 after acquiring an additional 2,308 shares in the last quarter.

iShares Russell Top 200 Growth ETF Company Profile

iShares Russell Top 200 Growth ETF (the Fund), formerly iShares Russell Top 200 Growth Index Fund, seeks investment results that correspond generally to the price and yield performance of the Russell Top 200 Growth Index (the Growth Index). The Growth Index is a style factor weighted index that measures the performance of the largest capitalization growth sector of the United States equity market.