iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Reaches New 52-Week High – Here’s Why

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) shares reached a new 52-week high on Friday . The stock traded as high as $103.15 and last traded at $103.03, with a volume of 8379 shares traded. The stock had previously closed at $102.41.

iShares Russell Top 200 Value ETF Price Performance

The firm has a market capitalization of $3.49 billion, a P/E ratio of 19.39 and a beta of 0.78. The company’s 50-day simple moving average is $96.89 and its two-hundred day simple moving average is $94.59.

Institutional Trading of iShares Russell Top 200 Value ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Cornerstone Planning Group LLC bought a new stake in shares of iShares Russell Top 200 Value ETF during the 4th quarter valued at $25,000. Richardson Financial Services Inc. bought a new stake in shares of iShares Russell Top 200 Value ETF during the 4th quarter valued at $49,000. International Assets Investment Management LLC bought a new stake in shares of iShares Russell Top 200 Value ETF during the 1st quarter valued at $55,000. Bessemer Group Inc. bought a new stake in shares of iShares Russell Top 200 Value ETF during the 1st quarter valued at $61,000. Finally, Tower Research Capital LLC TRC raised its position in shares of iShares Russell Top 200 Value ETF by 42.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 780 shares of the company’s stock valued at $66,000 after purchasing an additional 231 shares during the period.

iShares Russell Top 200 Value ETF Company Profile

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.