iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Sees Large Volume Increase – What’s Next?

Shares of iShares Russell Top 200 Value ETF (NYSEARCA:IWX) saw strong trading volume on Friday . 571,191 shares were traded during trading, an increase of 121% from the previous session’s volume of 258,358 shares.The stock last traded at $94.9490 and had previously closed at $95.44.

iShares Russell Top 200 Value ETF Trading Down 0.5%

The stock has a market capitalization of $3.81 billion, a PE ratio of 19.39 and a beta of 0.82. The stock’s fifty day simple moving average is $91.99 and its 200-day simple moving average is $88.60.

Institutional Investors Weigh In On iShares Russell Top 200 Value ETF

Institutional investors have recently added to or reduced their stakes in the company. TIAA Trust National Association increased its position in shares of iShares Russell Top 200 Value ETF by 13.2% during the second quarter. TIAA Trust National Association now owns 12,631,293 shares of the company’s stock valued at $1,063,429,000 after acquiring an additional 1,472,920 shares during the last quarter. SVB Wealth LLC bought a new position in iShares Russell Top 200 Value ETF in the 2nd quarter valued at $44,836,000. First Citizens Investor Services Inc. purchased a new stake in shares of iShares Russell Top 200 Value ETF during the 3rd quarter valued at $38,821,000. Laurel Wealth Advisors LLC raised its stake in shares of iShares Russell Top 200 Value ETF by 8,319.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 387,274 shares of the company’s stock worth $32,605,000 after purchasing an additional 382,674 shares during the period. Finally, First Citizens Bank & Trust Co. raised its stake in shares of iShares Russell Top 200 Value ETF by 6.3% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,207,939 shares of the company’s stock worth $522,646,000 after purchasing an additional 365,856 shares during the period.

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.