iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) Sets New 12-Month High – Time to Buy?

iShares Russell Top 200 Growth ETF (NYSEARCA:IWY) shares hit a new 52-week high on Monday . The company traded as high as $243.54 and last traded at $243.37, with a volume of 70200 shares changing hands. The stock had previously closed at $241.49.

iShares Russell Top 200 Growth ETF Stock Up 1.3 %

The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 38.86 and a beta of 1.24. The business’s fifty day moving average is $228.29 and its 200 day moving average is $218.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC raised its holdings in shares of iShares Russell Top 200 Growth ETF by 18.9% in the 2nd quarter. LPL Financial LLC now owns 1,866,518 shares of the company’s stock valued at $400,405,000 after purchasing an additional 296,675 shares during the period. TIAA Trust National Association lifted its stake in iShares Russell Top 200 Growth ETF by 4.8% during the second quarter. TIAA Trust National Association now owns 6,277,143 shares of the company’s stock worth $1,346,573,000 after purchasing an additional 288,548 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in iShares Russell Top 200 Growth ETF by 2,991.8% in the second quarter. Strategic Financial Concepts LLC now owns 228,205 shares of the company’s stock valued at $490,000 after buying an additional 220,824 shares in the last quarter. Bank of Montreal Can increased its position in iShares Russell Top 200 Growth ETF by 48,692.5% during the 2nd quarter. Bank of Montreal Can now owns 214,687 shares of the company’s stock worth $46,449,000 after purchasing an additional 214,247 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of iShares Russell Top 200 Growth ETF by 8.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,852,098 shares of the company’s stock valued at $611,832,000 after acquiring an additional 212,165 shares during the last quarter.

About iShares Russell Top 200 Growth ETF

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.