iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sets New 1-Year High – Time to Buy?

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) hit a new 52-week high during trading on Friday . The company traded as high as $84.29 and last traded at $84.29, with a volume of 52615 shares changing hands. The stock had previously closed at $83.64.

iShares Russell Top 200 Value ETF Stock Up 0.8 %

The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 19.01 and a beta of 0.63. The stock’s 50-day moving average price is $81.72 and its 200 day moving average price is $78.30.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IWX. TIAA Trust National Association boosted its stake in shares of iShares Russell Top 200 Value ETF by 9.1% in the second quarter. TIAA Trust National Association now owns 10,333,642 shares of the company’s stock valued at $773,163,000 after purchasing an additional 860,698 shares during the period. AE Wealth Management LLC raised its holdings in iShares Russell Top 200 Value ETF by 4.2% in the second quarter. AE Wealth Management LLC now owns 952,600 shares of the company’s stock valued at $71,274,000 after acquiring an additional 38,814 shares in the last quarter. Pegasus Partners Ltd. raised its holdings in iShares Russell Top 200 Value ETF by 11.5% in the third quarter. Pegasus Partners Ltd. now owns 859,955 shares of the company’s stock valued at $69,889,000 after acquiring an additional 88,443 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new stake in iShares Russell Top 200 Value ETF in the third quarter valued at approximately $63,834,000. Finally, First Citizens Asset Management Inc. raised its holdings in iShares Russell Top 200 Value ETF by 3.2% during the first quarter. First Citizens Asset Management Inc. now owns 714,841 shares of the company’s stock worth $54,557,000 after purchasing an additional 21,836 shares in the last quarter.

iShares Russell Top 200 Value ETF Company Profile

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