iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Hits New 12-Month High – Still a Buy?

Shares of iShares Russell Top 200 Value ETF (NYSEARCA:IWX) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $114.09 and last traded at $113.8360, with a volume of 59,445 shares traded. The stock had previously closed at $113.81.

iShares Russell Top 200 Value ETF Stock Performance

The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 19.39 and a beta of 0.77. The business has a fifty day simple moving average of $112.04 and a 200 day simple moving average of $103.60.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. BLB&B Advisors LLC bought a new position in shares of iShares Russell Top 200 Value ETF in the third quarter valued at approximately $261,000. Victory Financial Group LLC lifted its position in shares of iShares Russell Top 200 Value ETF by 9.7% during the 3rd quarter. Victory Financial Group LLC now owns 9,329 shares of the company’s stock worth $1,022,000 after buying an additional 823 shares in the last quarter. Latitude Advisors LLC purchased a new position in shares of iShares Russell Top 200 Value ETF in the 3rd quarter worth approximately $37,000. Oppenheimer & Co. Inc. purchased a new position in shares of iShares Russell Top 200 Value ETF in the 3rd quarter worth approximately $4,569,000. Finally, Park Avenue Securities LLC bought a new position in shares of iShares Russell Top 200 Value ETF in the third quarter valued at approximately $3,041,000.

About iShares Russell Top 200 Value ETF

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.