iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sets New 12-Month High – Time to Buy?

iShares Russell Top 200 Value ETF (NYSEARCA:IWX)’s share price reached a new 52-week high on Monday . The company traded as high as $109.20 and last traded at $109.07, with a volume of 11161 shares. The stock had previously closed at $108.28.

iShares Russell Top 200 Value ETF Price Performance

The company has a market capitalization of $4.07 billion, a P/E ratio of 19.39 and a beta of 0.77. The company has a 50 day moving average of $105.45 and a 200-day moving average of $99.47.

Hedge Funds Weigh In On iShares Russell Top 200 Value ETF

Several hedge funds have recently made changes to their positions in the business. TIAA Trust National Association lifted its stake in iShares Russell Top 200 Value ETF by 1.6% in the fourth quarter. TIAA Trust National Association now owns 12,344,150 shares of the company’s stock worth $1,133,934,000 after acquiring an additional 198,318 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in iShares Russell Top 200 Value ETF by 1.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,332,301 shares of the company’s stock worth $581,685,000 after purchasing an additional 93,664 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in iShares Russell Top 200 Value ETF by 1.3% in the 4th quarter. First Citizens Bank & Trust Co. now owns 5,983,534 shares of the company’s stock worth $549,647,000 after purchasing an additional 77,178 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of iShares Russell Top 200 Value ETF by 3.2% in the 4th quarter. AE Wealth Management LLC now owns 1,081,107 shares of the company’s stock worth $99,311,000 after purchasing an additional 33,150 shares during the period. Finally, Clark Capital Management Group Inc. purchased a new stake in shares of iShares Russell Top 200 Value ETF in the 4th quarter worth about $66,327,000.

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.