iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sees Large Volume Increase – Still a Buy?

Shares of iShares Russell Top 200 Value ETF (NYSEARCA:IWX) saw unusually-strong trading volume on Tuesday . Approximately 716,699 shares changed hands during trading, an increase of 184% from the previous session’s volume of 252,322 shares.The stock last traded at $105.27 and had previously closed at $105.31.

iShares Russell Top 200 Value ETF Trading Up 0.8%

The stock has a 50-day simple moving average of $102.86 and a 200-day simple moving average of $97.59. The company has a market cap of $3.58 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

Large investors have recently bought and sold shares of the stock. GTS Financial LLC acquired a new stake in shares of iShares Russell Top 200 Value ETF in the 1st quarter worth approximately $6,441,000. Bank of America Corp DE increased its stake in shares of iShares Russell Top 200 Value ETF by 2.0% during the first quarter. Bank of America Corp DE now owns 242,091 shares of the company’s stock valued at $22,435,000 after acquiring an additional 4,677 shares during the period. Arkadios Wealth Advisors increased its stake in shares of iShares Russell Top 200 Value ETF by 3.1% during the first quarter. Arkadios Wealth Advisors now owns 146,271 shares of the company’s stock valued at $13,555,000 after acquiring an additional 4,336 shares during the period. Royal Bank of Canada raised its holdings in iShares Russell Top 200 Value ETF by 8.5% during the first quarter. Royal Bank of Canada now owns 119,482 shares of the company’s stock worth $11,073,000 after purchasing an additional 9,352 shares in the last quarter. Finally, Gateway Wealth Partners LLC bought a new stake in iShares Russell Top 200 Value ETF during the first quarter worth approximately $1,102,000.

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.