iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Reaches New 52-Week High – Still a Buy?

iShares Russell Top 200 Value ETF (NYSEARCA:IWX)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $84.29 and last traded at $84.29, with a volume of 52615 shares changing hands. The stock had previously closed at $83.64.

iShares Russell Top 200 Value ETF Trading Up 0.8 %

The business’s fifty day moving average price is $81.72 and its 200 day moving average price is $78.30. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 19.01 and a beta of 0.63.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

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