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 Thursday . The company traded as high as $83.13 and last traded at $83.10, with a volume of 6400 shares changing hands. The stock had previously closed at $83.03.

iShares Russell Top 200 Value ETF Stock Performance

The stock has a market cap of $2.40 billion, a P/E ratio of 19.01 and a beta of 0.63. The firm’s fifty day simple moving average is $80.12 and its 200-day simple moving average is $76.95.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC bought a new position in shares of iShares Russell Top 200 Value ETF during the 2nd quarter worth approximately $27,000. Concourse Financial Group Securities Inc. boosted its position in shares of iShares Russell Top 200 Value ETF by 56.3% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 433 shares of the company’s stock worth $35,000 after purchasing an additional 156 shares in the last quarter. Triad Wealth Partners LLC acquired a new stake in shares of iShares Russell Top 200 Value ETF in the 2nd quarter valued at about $37,000. International Assets Investment Management LLC bought a new stake in iShares Russell Top 200 Value ETF in the 2nd quarter valued at about $50,000. Finally, Spectrum Wealth Counsel LLC acquired a new position in iShares Russell Top 200 Value ETF during the 2nd quarter worth approximately $63,000.

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.