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

iShares Russell Top 200 Value ETF (NYSEARCA:IWX)’s stock price reached a new 52-week high on Monday . The stock traded as high as $112.83 and last traded at $112.81, with a volume of 34770 shares changing hands. The stock had previously closed at $112.64.

iShares Russell Top 200 Value ETF Price Performance

The business has a 50-day moving average of $107.00 and a 200-day moving average of $100.61. The company has a market capitalization of $4.08 billion, a P/E ratio of 19.39 and a beta of 0.77.

Institutional Investors Weigh In On iShares Russell Top 200 Value ETF

Institutional investors have recently made changes to their positions in the company. TIAA Trust National Association grew its holdings in 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 purchasing an additional 198,318 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in iShares Russell Top 200 Value ETF by 1.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,332,301 shares of the company’s stock worth $581,685,000 after purchasing an additional 93,664 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of 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 buying an additional 77,178 shares during the period. AE Wealth Management LLC boosted its position in shares of 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 buying an additional 33,150 shares during the period. Finally, Clark Capital Management Group Inc. bought a new position in shares of iShares Russell Top 200 Value ETF during the fourth quarter valued at approximately $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.