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

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) shares reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $116.03 and last traded at $116.1180, with a volume of 46,942 shares changing hands. The stock had previously closed at $113.39.

iShares Russell Top 200 Value ETF Price Performance

The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 21.91 and a beta of 0.77. The business’s 50-day moving average price is $112.27 and its 200 day moving average price is $104.29.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

Institutional investors have recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. bought a new stake in shares of iShares Russell Top 200 Value ETF in the 3rd quarter valued at approximately $287,533,000. Lido Advisors LLC bought a new position in iShares Russell Top 200 Value ETF during the third quarter worth $98,038,000. Proficio Capital Partners LLC bought a new position in shares of iShares Russell Top 200 Value ETF in the 2nd quarter worth about $72,861,000. SVB Wealth LLC boosted its stake in iShares Russell Top 200 Value ETF by 3.9% in the second quarter. SVB Wealth LLC now owns 477,994 shares of the company’s stock valued at $50,266,000 after acquiring an additional 18,046 shares during the period. Finally, Sterling Capital Management LLC acquired a new position in iShares Russell Top 200 Value ETF during the 3rd quarter valued at approximately $36,621,000.

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.