iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sets New 1-Year High – Here’s Why

iShares Russell Top 200 Value ETF (NYSEARCA:IWX)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $108.85 and last traded at $108.85, with a volume of 31815 shares. The stock had previously closed at $107.99.

iShares Russell Top 200 Value ETF Price Performance

The firm’s 50-day moving average is $104.58 and its 200-day moving average is $98.70. The company has a market capitalization of $3.87 billion, a P/E ratio of 19.39 and a beta of 0.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IWX. TIAA Trust National Association grew its position in shares of iShares Russell Top 200 Value ETF by 1.6% during the 4th quarter. TIAA Trust National Association now owns 12,344,150 shares of the company’s stock valued at $1,133,934,000 after acquiring an additional 198,318 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in iShares Russell Top 200 Value ETF by 1.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,332,301 shares of the company’s stock valued at $581,685,000 after purchasing an additional 93,664 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in iShares Russell Top 200 Value ETF by 1.3% during the fourth quarter. First Citizens Bank & Trust Co. now owns 5,983,534 shares of the company’s stock valued at $549,647,000 after purchasing an additional 77,178 shares during the period. AE Wealth Management LLC grew its holdings in iShares Russell Top 200 Value ETF by 3.2% during the fourth quarter. AE Wealth Management LLC now owns 1,081,107 shares of the company’s stock valued at $99,311,000 after purchasing an additional 33,150 shares during the period. Finally, Clark Capital Management Group Inc. purchased a new stake in iShares Russell Top 200 Value ETF in the fourth quarter worth about $66,327,000.

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.