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

iShares Russell Top 200 Value ETF (NYSEARCA:IWX)’s share price reached a new 52-week high on Wednesday. The stock traded as high as $114.09 and last traded at $113.8360, with a volume of 59,445 shares changing hands. The stock had previously closed at $113.81.

iShares Russell Top 200 Value ETF Stock Performance

The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 19.39 and a beta of 0.77. The business has a 50 day moving average of $112.10 and a two-hundred day moving average of $103.80.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

Hedge funds have recently bought and sold shares of the company. First Citizens Bank & Trust Co. bought a new stake in shares of iShares Russell Top 200 Value ETF during the third quarter worth $287,533,000. Proficio Capital Partners LLC acquired a new position in shares of iShares Russell Top 200 Value ETF in the second quarter valued at about $72,861,000. Sterling Capital Management LLC purchased a new stake in shares of iShares Russell Top 200 Value ETF in the third quarter worth about $36,621,000. Private Advisor Group LLC increased its stake in shares of iShares Russell Top 200 Value ETF by 451.0% in the 1st quarter. Private Advisor Group LLC now owns 182,516 shares of the company’s stock valued at $16,914,000 after purchasing an additional 149,393 shares in the last quarter. Finally, Montgomery Financial Services LLC purchased a new position in iShares Russell Top 200 Value ETF during the second quarter valued at $13,890,000.

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.