Shares of iShares Russell Top 200 Value ETF (NYSEARCA:IWX) shot up 6% during mid-day trading on Thursday after the company announced a dividend. The stock traded as high as $44.89 and last traded at $44.67, 134,400 shares traded hands during trading. An increase of 64% from the average session volume of 82,110 shares. The stock had previously closed at $42.15.
The newly announced dividend which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be issued a $0.3043 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, March 25th.
The firm has a fifty day moving average of $52.08 and a 200 day moving average of $55.63.
iShares Russell Top 200 Value ETF Company Profile (NYSEARCA:IWX)
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.
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