iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sees Strong Trading Volume – Here’s What Happened

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) saw unusually-high trading volume on Wednesday . Approximately 1,671,774 shares were traded during mid-day trading, an increase of 444% from the previous session’s volume of 307,509 shares.The stock last traded at $107.95 and had previously closed at $108.04.

iShares Russell Top 200 Value ETF Trading Down 0.6%

The stock’s fifty day simple moving average is $105.31 and its 200 day simple moving average is $99.37. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 19.39 and a beta of 0.77.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dagco Inc. purchased a new position in shares of iShares Russell Top 200 Value ETF during the 2nd quarter worth $336,000. Tenzing Financial LLC purchased a new position in iShares Russell Top 200 Value ETF during the second quarter worth about $279,000. GTS Financial LLC purchased a new stake in shares of iShares Russell Top 200 Value ETF in the 1st quarter valued at approximately $6,441,000. Bank of America Corp DE increased its holdings in shares of iShares Russell Top 200 Value ETF by 2.0% during the 1st quarter. Bank of America Corp DE now owns 242,091 shares of the company’s stock worth $22,435,000 after buying an additional 4,677 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its position in shares of iShares Russell Top 200 Value ETF by 3.1% during the 1st quarter. Arkadios Wealth Advisors now owns 146,271 shares of the company’s stock valued at $13,555,000 after buying an additional 4,336 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.