Global Wealth Management Investment Advisory Inc. Trims Stake in iShares Russell Top 200 Value ETF $IWX

Global Wealth Management Investment Advisory Inc. lessened its stake in iShares Russell Top 200 Value ETF (NYSEARCA:IWX) by 3.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 24,309 shares of the company’s stock after selling 858 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in iShares Russell Top 200 Value ETF were worth $2,047,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Prospera Financial Services Inc increased its holdings in shares of iShares Russell Top 200 Value ETF by 23.4% during the 2nd quarter. Prospera Financial Services Inc now owns 10,564 shares of the company’s stock valued at $889,000 after purchasing an additional 2,002 shares in the last quarter. AE Wealth Management LLC increased its holdings in iShares Russell Top 200 Value ETF by 0.6% in the second quarter. AE Wealth Management LLC now owns 1,017,400 shares of the company’s stock valued at $85,655,000 after buying an additional 5,763 shares in the last quarter. Bryn Mawr Trust Advisors LLC boosted its stake in shares of iShares Russell Top 200 Value ETF by 16.4% during the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 221,662 shares of the company’s stock worth $18,662,000 after acquiring an additional 31,227 shares in the last quarter. Centerpoint Advisory Group grew its position in shares of iShares Russell Top 200 Value ETF by 26.6% during the 2nd quarter. Centerpoint Advisory Group now owns 10,384 shares of the company’s stock valued at $874,000 after acquiring an additional 2,179 shares during the period. Finally, First Horizon Advisors Inc. grew its position in shares of iShares Russell Top 200 Value ETF by 14.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,318 shares of the company’s stock valued at $111,000 after acquiring an additional 168 shares during the period.

iShares Russell Top 200 Value ETF Trading Up 0.5%

NYSEARCA IWX opened at $88.82 on Friday. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 19.39 and a beta of 0.82. The stock has a 50-day moving average of $87.92 and a 200 day moving average of $84.84. iShares Russell Top 200 Value ETF has a twelve month low of $71.48 and a twelve month high of $90.04.

About iShares Russell Top 200 Value ETF

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.