iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Reaches New 1-Year High – Still a Buy?

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) hit a new 52-week high on Thursday. The company traded as high as $114.00 and last traded at $113.8060, with a volume of 43,806 shares trading hands. The stock had previously closed at $113.88.

iShares Russell Top 200 Value ETF Stock Performance

The firm has a fifty day simple moving average of $111.98 and a 200-day simple moving average of $107.04. The company has a market capitalization of $3.73 billion, a PE ratio of 19.39 and a beta of 0.77.

Institutional Trading of iShares Russell Top 200 Value ETF

Hedge funds have recently made changes to their positions in the stock. First Citizens Bank & Trust Co. bought a new position in iShares Russell Top 200 Value ETF during the 3rd quarter worth approximately $287,533,000. Proficio Capital Partners LLC acquired a new stake in shares of iShares Russell Top 200 Value ETF during the second quarter worth $72,861,000. SVB Wealth LLC raised its holdings in shares of iShares Russell Top 200 Value ETF by 3.9% during the second quarter. SVB Wealth LLC now owns 477,994 shares of the company’s stock worth $50,266,000 after purchasing an additional 18,046 shares during the period. Sterling Capital Management LLC bought a new position in shares of iShares Russell Top 200 Value ETF in the 3rd quarter worth about $36,621,000. Finally, RTD Financial Advisors Inc. lifted its position in shares of iShares Russell Top 200 Value ETF by 3.5% in the 3rd quarter. RTD Financial Advisors Inc. now owns 289,542 shares of the company’s stock worth $31,714,000 after buying an additional 9,665 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.