iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Hits New 12-Month High – Here’s Why

iShares Russell Top 200 Value ETF (NYSEARCA:IWX)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $105.21 and last traded at $105.10, with a volume of 14072 shares traded. The stock had previously closed at $104.45.

iShares Russell Top 200 Value ETF Trading Up 0.9%

The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 19.39 and a beta of 0.78. The stock’s 50-day moving average price is $100.38 and its 200-day moving average price is $96.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IWX. Jane Street Group LLC acquired a new position in shares of iShares Russell Top 200 Value ETF in the 1st quarter worth approximately $1,363,000. Qube Research & Technologies Ltd lifted its position in shares of iShares Russell Top 200 Value ETF by 157.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,025 shares of the company’s stock worth $86,000 after purchasing an additional 627 shares during the period. Quantinno Capital Management LP acquired a new position in shares of iShares Russell Top 200 Value ETF in the 2nd quarter worth approximately $607,000. Raymond James Financial Inc. lifted its position in shares of iShares Russell Top 200 Value ETF by 16.1% in the 2nd quarter. Raymond James Financial Inc. now owns 118,934 shares of the company’s stock worth $10,013,000 after purchasing an additional 16,511 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its position in shares of iShares Russell Top 200 Value ETF by 2.8% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 12,071 shares of the company’s stock worth $1,016,000 after purchasing an additional 328 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.