iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Reaches New 52-Week High – Here’s Why

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) hit a new 52-week high on Thursday . The company traded as high as $104.19 and last traded at $103.82, with a volume of 131404 shares changing hands. The stock had previously closed at $103.97.

iShares Russell Top 200 Value ETF Price Performance

The stock’s 50 day simple moving average is $97.65 and its two-hundred day simple moving average is $95.01. The firm has a market cap of $3.51 billion, a P/E ratio of 19.39 and a beta of 0.78.

Institutional Investors Weigh In On iShares Russell Top 200 Value ETF

Institutional investors have recently made changes to their positions in the company. Park Avenue Securities LLC purchased a new stake in shares of iShares Russell Top 200 Value ETF during the fourth quarter valued at approximately $2,987,000. RTD Financial Advisors Inc. purchased a new stake in shares of iShares Russell Top 200 Value ETF during the fourth quarter valued at approximately $22,263,000. Wilmington Savings Fund Society FSB boosted its holdings in iShares Russell Top 200 Value ETF by 3.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 487,300 shares of the company’s stock worth $42,824,000 after purchasing an additional 15,868 shares during the last quarter. Kelly Financial Services LLC purchased a new stake in iShares Russell Top 200 Value ETF in the fourth quarter worth approximately $788,000. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in iShares Russell Top 200 Value ETF by 52.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 24,476 shares of the company’s stock worth $2,248,000 after purchasing an additional 8,450 shares during the last quarter.

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. 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.