iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sees Large Volume Increase – Here’s Why

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) saw unusually-strong trading volume on Wednesday . 1,671,774 shares changed hands during mid-day trading, an increase of 444% from the previous session’s volume of 307,509 shares.The stock last traded at $107.95 and had previously closed at $108.04.

iShares Russell Top 200 Value ETF Trading Down 0.1%

The stock has a 50-day simple moving average of $105.10 and a 200 day simple moving average of $99.15. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 19.39 and a beta of 0.77.

Institutional Investors Weigh In On iShares Russell Top 200 Value ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC grew its holdings in iShares Russell Top 200 Value ETF by 12.2% in the first quarter. Sound Income Strategies LLC now owns 1,130 shares of the company’s stock valued at $105,000 after purchasing an additional 123 shares during the period. CreativeOne Wealth LLC raised its stake in shares of iShares Russell Top 200 Value ETF by 3.7% during the 4th quarter. CreativeOne Wealth LLC now owns 3,514 shares of the company’s stock worth $323,000 after buying an additional 124 shares during the period. Financial Engines Advisors L.L.C. lifted its position in shares of iShares Russell Top 200 Value ETF by 8.7% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 2,744 shares of the company’s stock valued at $252,000 after buying an additional 219 shares in the last quarter. SMART Wealth LLC lifted its position in shares of iShares Russell Top 200 Value ETF by 2.6% during the 1st quarter. SMART Wealth LLC now owns 8,959 shares of the company’s stock valued at $830,000 after buying an additional 223 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in iShares Russell Top 200 Value ETF by 42.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 780 shares of the company’s stock valued at $66,000 after acquiring an additional 231 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.