iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Reaches New 52-Week High – Here’s Why

Shares of iShares Russell Top 200 Value ETF (NYSEARCA:IWX) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $103.15 and last traded at $103.03, with a volume of 8379 shares. The stock had previously closed at $102.41.

iShares Russell Top 200 Value ETF Price Performance

The company has a market capitalization of $3.49 billion, a P/E ratio of 19.39 and a beta of 0.78. The stock’s 50 day moving average is $96.89 and its 200-day moving average is $94.59.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

A number of institutional investors have recently bought and sold shares of IWX. Clark Capital Management Group Inc. bought a new position in iShares Russell Top 200 Value ETF in the fourth quarter worth about $66,327,000. LPL Financial LLC grew its holdings in iShares Russell Top 200 Value ETF by 654.7% in the fourth quarter. LPL Financial LLC now owns 640,842 shares of the company’s stock worth $58,868,000 after purchasing an additional 555,928 shares during the period. First Citizens Investor Services Inc. purchased a new stake in iShares Russell Top 200 Value ETF in the third quarter worth about $38,821,000. Align Financial LLC purchased a new stake in iShares Russell Top 200 Value ETF in the fourth quarter worth about $42,834,000. Finally, Orion Porfolio Solutions LLC purchased a new stake in iShares Russell Top 200 Value ETF in the fourth quarter worth about $33,250,000.

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. The Value Index is a subset of the Russell Top 200 Index and measures the performance of equity securities of Russell Top 200 Index issuers with relatively lower price-to-book ratios and lower forecasted growth.