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

iShares Russell Top 200 Value ETF (NYSEARCA:IWX) reached 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 trading hands. The stock had previously closed at $83.64.

iShares Russell Top 200 Value ETF Stock Performance

The company’s fifty day simple moving average is $81.81 and its two-hundred day simple moving average is $78.39. The company 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 have recently bought and sold shares of the company. Concourse Financial Group Securities Inc. increased its stake in iShares Russell Top 200 Value ETF by 56.3% during the third 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. OneDigital Investment Advisors LLC boosted its holdings in shares of iShares Russell Top 200 Value ETF by 4.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,855 shares of the company’s stock valued at $476,000 after buying an additional 253 shares during the period. Signaturefd LLC bought a new stake in shares of iShares Russell Top 200 Value ETF during the 2nd quarter valued at about $27,000. Oppenheimer & Co. Inc. raised its stake in iShares Russell Top 200 Value ETF by 1.0% during the third quarter. Oppenheimer & Co. Inc. now owns 36,653 shares of the company’s stock worth $2,979,000 after acquiring an additional 369 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its holdings in iShares Russell Top 200 Value ETF by 0.9% in the third quarter. Integrated Wealth Concepts LLC now owns 41,969 shares of the company’s stock worth $3,411,000 after acquiring an additional 376 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.