iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Hits New 1-Year High – Time to Buy?

iShares Russell Top 200 Value ETF (NYSEARCA:IWX)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $108.72 and last traded at $108.13, with a volume of 206004 shares traded. The stock had previously closed at $107.72.

iShares Russell Top 200 Value ETF Trading Up 0.4%

The stock has a 50 day moving average price of $103.64 and a 200 day moving average price of $98.04. The company has a market capitalization of $3.89 billion, a P/E ratio of 19.39 and a beta of 0.77.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

Several institutional investors have recently added to or reduced their stakes in IWX. Jane Street Group LLC bought a new position in shares of iShares Russell Top 200 Value ETF in the first quarter valued at $1,363,000. Qube Research & Technologies Ltd raised its position in iShares Russell Top 200 Value ETF by 157.5% in the second quarter. Qube Research & Technologies Ltd now owns 1,025 shares of the company’s stock worth $86,000 after acquiring an additional 627 shares during the period. Quantinno Capital Management LP purchased a new position in iShares Russell Top 200 Value ETF in the second quarter valued at approximately $607,000. Raymond James Financial Inc. grew its stake in shares of iShares Russell Top 200 Value ETF by 16.1% during the 2nd quarter. Raymond James Financial Inc. now owns 118,934 shares of the company’s stock worth $10,013,000 after acquiring an additional 16,511 shares during the period. Finally, Ausdal Financial Partners Inc. increased its stake in shares of iShares Russell Top 200 Value ETF by 2.8% in the second quarter. Ausdal Financial Partners Inc. now owns 12,071 shares of the company’s stock worth $1,016,000 after purchasing an additional 328 shares in 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.