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

iShares Russell Top 200 Value ETF (NYSEARCA:IWX)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $104.19 and last traded at $103.82, with a volume of 131404 shares. The stock had previously closed at $103.97.

iShares Russell Top 200 Value ETF Price Performance

The business’s fifty day moving average price is $98.05 and its 200 day moving average price is $95.18. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 19.39 and a beta of 0.78.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

A number of hedge funds have recently bought and sold shares of IWX. Sound Income Strategies LLC increased its stake in iShares Russell Top 200 Value ETF by 12.2% in the first quarter. Sound Income Strategies LLC now owns 1,130 shares of the company’s stock valued at $105,000 after purchasing an additional 123 shares in the last quarter. CreativeOne Wealth LLC increased its stake in iShares Russell Top 200 Value ETF by 3.7% in the fourth quarter. CreativeOne Wealth LLC now owns 3,514 shares of the company’s stock valued at $323,000 after purchasing an additional 124 shares in the last quarter. KFA Private Wealth Group LLC increased its stake in iShares Russell Top 200 Value ETF by 8.4% in the fourth quarter. KFA Private Wealth Group LLC now owns 2,703 shares of the company’s stock valued at $248,000 after purchasing an additional 209 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in iShares Russell Top 200 Value ETF by 1.5% in the third quarter. PNC Financial Services Group Inc. now owns 14,275 shares of the company’s stock valued at $1,254,000 after purchasing an additional 214 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. increased its stake in iShares Russell Top 200 Value ETF by 8.7% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 2,744 shares of the company’s stock valued at $252,000 after purchasing an additional 219 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.