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

iShares Russell Top 200 Value ETF (NYSEARCA:IWX)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $101.66 and last traded at $101.66, with a volume of 5104 shares trading hands. The stock had previously closed at $100.72.

iShares Russell Top 200 Value ETF Price Performance

The stock’s fifty day simple moving average is $95.73 and its 200-day simple moving average is $93.68. The firm has a market cap of $3.44 billion, a PE ratio of 19.39 and a beta of 0.78.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IWX. Park Avenue Securities LLC purchased a new position in shares of iShares Russell Top 200 Value ETF in the fourth quarter worth about $2,987,000. RTD Financial Advisors Inc. purchased a new stake in iShares Russell Top 200 Value ETF in the fourth quarter valued at approximately $22,263,000. Wilmington Savings Fund Society FSB increased its holdings in iShares Russell Top 200 Value ETF by 3.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 487,300 shares of the company’s stock worth $42,824,000 after buying an additional 15,868 shares during the period. Fifth Third Wealth Advisors LLC raised its position in iShares Russell Top 200 Value ETF by 52.7% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 24,476 shares of the company’s stock worth $2,248,000 after buying an additional 8,450 shares during the last quarter. Finally, Kelly Financial Services LLC acquired a new stake in iShares Russell Top 200 Value ETF during the 4th quarter valued at approximately $788,000.

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.