iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Reaches New 12-Month High – Should You Buy?

Posted by Carolyn Dwyer on Nov 6th, 2024

iShares Russell Top 200 Value ETF (NYSEARCA:IWX – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $83.28 and last traded at $83.24, with a volume of 2317 shares changing hands. The stock had previously closed at $81.05.

iShares Russell Top 200 Value ETF Trading Up 2.8 %

The stock has a market cap of $2.40 billion, a P/E ratio of 19.01 and a beta of 0.63. The firm’s 50-day simple moving average is $80.86 and its 200 day simple moving average is $77.59.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. lifted its stake in iShares Russell Top 200 Value ETF by 16.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 7,098,465 shares of the company’s stock valued at $541,755,000 after purchasing an additional 982,341 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in iShares Russell Top 200 Value ETF by 1.3% in the first quarter. Oppenheimer & Co. Inc. now owns 35,257 shares of the company’s stock valued at $2,691,000 after acquiring an additional 457 shares during the last quarter. TIAA Trust National Association increased its position in iShares Russell Top 200 Value ETF by 5.9% during the first quarter. TIAA Trust National Association now owns 9,472,944 shares of the company’s stock worth $722,975,000 after buying an additional 523,805 shares during the last quarter. Beaumont Financial Advisors LLC bought a new position in shares of iShares Russell Top 200 Value ETF in the 1st quarter valued at approximately $415,000. Finally, CreativeOne Wealth LLC acquired a new stake in shares of iShares Russell Top 200 Value ETF in the first quarter worth $375,000.

About iShares Russell Top 200 Value ETF

(Get Free Report)

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.