iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Reaches New 12-Month High – Still a Buy?

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) shares reached a new 52-week high on Thursday . The stock traded as high as $99.77 and last traded at $99.70, with a volume of 46603 shares changing hands. The stock had previously closed at $98.63.

iShares Russell Top 200 Value ETF Stock Up 1.8%

The company has a market cap of $3.41 billion, a P/E ratio of 19.39 and a beta of 0.77. The company’s 50-day moving average is $95.42 and its two-hundred day moving average is $93.27.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Planning Group LLC bought a new position in iShares Russell Top 200 Value ETF during the fourth quarter valued at $25,000. First Horizon Corp bought a new position in iShares Russell Top 200 Value ETF during the third quarter worth about $38,000. CoreCap Advisors LLC boosted its position in iShares Russell Top 200 Value ETF by 195.6% during the third quarter. CoreCap Advisors LLC now owns 538 shares of the company’s stock worth $47,000 after purchasing an additional 356 shares during the period. Richardson Financial Services Inc. bought a new position in iShares Russell Top 200 Value ETF during the fourth quarter worth about $49,000. Finally, Tower Research Capital LLC TRC boosted its position in iShares Russell Top 200 Value ETF by 42.1% during the second quarter. Tower Research Capital LLC TRC now owns 780 shares of the company’s stock worth $66,000 after purchasing 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.