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

iShares Russell Top 200 Value ETF (NYSEARCA:IWX)’s share price reached 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 changing hands. The stock had previously closed at $113.88.

iShares Russell Top 200 Value ETF Stock Up 0.2%

The stock has a market capitalization of $3.41 billion, a P/E ratio of 19.39 and a beta of 0.77. The company has a 50-day moving average price of $111.94 and a two-hundred day moving average price of $106.85.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IWX. First Citizens Bank & Trust Co. purchased a new stake in shares of iShares Russell Top 200 Value ETF in the third quarter worth $287,533,000. Proficio Capital Partners LLC bought a new stake in iShares Russell Top 200 Value ETF during the second quarter valued at $72,861,000. SVB Wealth LLC grew its position in 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 buying an additional 18,046 shares in the last quarter. RTD Financial Advisors Inc. grew its position in iShares Russell Top 200 Value ETF by 3.5% during the third 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 in the last quarter. Finally, JSF Financial LLC grew its position in iShares Russell Top 200 Value ETF by 2.0% during the first quarter. JSF Financial LLC now owns 279,803 shares of the company’s stock worth $25,929,000 after buying an additional 5,459 shares in 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.