iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sees Strong Trading Volume – Time to Buy?

Shares of iShares Russell Top 200 Value ETF (NYSEARCA:IWX) saw an uptick in trading volume on Monday. 1,078,526 shares traded hands during mid-day trading, an increase of 210% from the average daily volume of 347,506 shares. The stock last traded at $114.1670 and had previously closed at $113.64.

iShares Russell Top 200 Value ETF Stock Up 0.1%

The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 19.39 and a beta of 0.77. The company’s 50-day simple moving average is $112.14 and its 200 day simple moving average is $103.90.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. MGO One Seven LLC grew its holdings in iShares Russell Top 200 Value ETF by 5.0% during the third quarter. MGO One Seven LLC now owns 2,272 shares of the company’s stock valued at $249,000 after purchasing an additional 108 shares during the last quarter. Sound Income Strategies LLC raised its holdings in iShares Russell Top 200 Value ETF by 12.2% in the 1st quarter. Sound Income Strategies LLC now owns 1,130 shares of the company’s stock worth $105,000 after acquiring an additional 123 shares during the period. LifePlan Investment Advisors Inc. raised its holdings in iShares Russell Top 200 Value ETF by 7.3% in the 2nd quarter. LifePlan Investment Advisors Inc. now owns 2,922 shares of the company’s stock worth $307,000 after acquiring an additional 199 shares during the period. Signature Equity Partners LLC raised its holdings in iShares Russell Top 200 Value ETF by 28.0% in the 3rd quarter. Signature Equity Partners LLC now owns 1,002 shares of the company’s stock worth $110,000 after acquiring an additional 219 shares during the period. Finally, IFP Advisors Inc acquired a new position in iShares Russell Top 200 Value ETF during the 2nd quarter worth $27,000.

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.