iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sees Large Volume Increase – Still a Buy?

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) shares saw an uptick in trading volume on Friday . 550,905 shares traded hands during mid-day trading, an increase of 115% from the previous session’s volume of 256,091 shares.The stock last traded at $95.2810 and had previously closed at $95.18.

iShares Russell Top 200 Value ETF Stock Performance

The business has a 50 day simple moving average of $91.46 and a 200-day simple moving average of $88.25. The stock has a market capitalization of $3.80 billion, a P/E ratio of 19.39 and a beta of 0.82.

Institutional Trading of iShares Russell Top 200 Value ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fisher Asset Management LLC acquired a new stake in iShares Russell Top 200 Value ETF during the 2nd quarter worth about $482,000. AE Wealth Management LLC lifted its position in iShares Russell Top 200 Value ETF by 0.6% in the 2nd quarter. AE Wealth Management LLC now owns 1,017,400 shares of the company’s stock worth $85,655,000 after buying an additional 5,763 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of iShares Russell Top 200 Value ETF during the 2nd quarter valued at $497,000. Voya Investment Management LLC increased its stake in shares of iShares Russell Top 200 Value ETF by 179.0% in the first quarter. Voya Investment Management LLC now owns 38,608 shares of the company’s stock worth $3,173,000 after acquiring an additional 24,768 shares during the last quarter. Finally, 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 purchasing an additional 21,382 shares during the last quarter.

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.