iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Hits New 1-Year High – Here’s Why

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 $97.92 and last traded at $97.3770, with a volume of 6646 shares trading hands. The stock had previously closed at $97.25.

iShares Russell Top 200 Value ETF Price Performance

The company has a market cap of $3.84 billion, a price-to-earnings ratio of 19.39 and a beta of 0.82. The business’s fifty day moving average price is $93.78 and its 200 day moving average price is $89.72.

Institutional Trading of iShares Russell Top 200 Value ETF

Several institutional investors have recently added to or reduced their stakes in IWX. Fisher Asset Management LLC bought a new stake in shares of iShares Russell Top 200 Value ETF in the 2nd quarter valued at $482,000. AE Wealth Management LLC lifted its holdings in iShares Russell Top 200 Value ETF by 0.6% in the second quarter. AE Wealth Management LLC now owns 1,017,400 shares of the company’s stock valued at $85,655,000 after buying an additional 5,763 shares during the period. JPMorgan Chase & Co. boosted its position in iShares Russell Top 200 Value ETF by 8.4% during the second quarter. JPMorgan Chase & Co. now owns 274,444 shares of the company’s stock valued at $23,105,000 after acquiring an additional 21,382 shares during the last quarter. Prospera Financial Services Inc boosted its position in iShares Russell Top 200 Value ETF by 23.4% during the second quarter. Prospera Financial Services Inc now owns 10,564 shares of the company’s stock valued at $889,000 after acquiring an additional 2,002 shares during the last quarter. Finally, Claro Advisors LLC grew its holdings in iShares Russell Top 200 Value ETF by 63.0% during the 2nd quarter. Claro Advisors LLC now owns 8,388 shares of the company’s stock worth $706,000 after acquiring an additional 3,241 shares during the period.

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.