iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Hits New 52-Week High – Should You Buy?

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

iShares Russell Top 200 Value ETF Stock 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 has a fifty day moving average of $100.14 and a two-hundred day moving average of $96.16.

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 during the first quarter worth about $1,363,000. Qube Research & Technologies Ltd increased its position in shares of iShares Russell Top 200 Value ETF by 157.5% during the second quarter. Qube Research & Technologies Ltd now owns 1,025 shares of the company’s stock worth $86,000 after acquiring an additional 627 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of iShares Russell Top 200 Value ETF during the second quarter worth about $607,000. Raymond James Financial Inc. increased its position in shares of iShares Russell Top 200 Value ETF by 16.1% during the second quarter. Raymond James Financial Inc. now owns 118,934 shares of the company’s stock worth $10,013,000 after acquiring an additional 16,511 shares during the last quarter. Finally, Ausdal Financial Partners Inc. increased its position in shares of iShares Russell Top 200 Value ETF by 2.8% during the second quarter. Ausdal Financial Partners Inc. now owns 12,071 shares of the company’s stock worth $1,016,000 after acquiring an additional 328 shares during the last quarter.

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.