iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sets New 12-Month High – Time to Buy?

iShares Russell Top 200 Value ETF (NYSEARCA:IWX)’s share price reached a new 52-week high on Wednesday. The company traded as high as $116.03 and last traded at $116.1180, with a volume of 46,942 shares traded. The stock had previously closed at $113.39.

iShares Russell Top 200 Value ETF Trading Up 2.8%

The company has a market capitalization of $3.98 billion, a PE ratio of 21.91 and a beta of 0.77. The stock’s 50-day moving average is $112.17 and its two-hundred day moving average is $104.09.

Institutional Investors Weigh In On iShares Russell Top 200 Value ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bryn Mawr Trust Advisors LLC increased its position in shares of iShares Russell Top 200 Value ETF by 0.4% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 237,753 shares of the company’s stock worth $26,041,000 after acquiring an additional 975 shares during the period. Montgomery Financial Services LLC boosted its holdings in shares of iShares Russell Top 200 Value ETF by 10.5% in the third quarter. Montgomery Financial Services LLC now owns 145,890 shares of the company’s stock valued at $15,979,000 after purchasing an additional 13,809 shares during the period. Parallel Advisors LLC boosted its holdings in shares of iShares Russell Top 200 Value ETF by 6.3% in the third quarter. Parallel Advisors LLC now owns 2,618 shares of the company’s stock valued at $287,000 after purchasing an additional 155 shares during the period. Spectrum Advisors Inc. boosted its holdings in shares of iShares Russell Top 200 Value ETF by 1.9% in the third quarter. Spectrum Advisors Inc. now owns 16,393 shares of the company’s stock valued at $1,796,000 after purchasing an additional 312 shares during the period. Finally, Waldron Private Wealth LLC bought a new position in iShares Russell Top 200 Value ETF in the third quarter worth approximately $2,311,000.

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.