iShares Russell Top 200 Value ETF (NYSEARCA:IWX) Shares Up 6% Following Dividend Announcement

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.

A number of institutional investors have recently bought and sold shares of IWX. FMR LLC boosted its position in iShares Russell Top 200 Value ETF by 31.0% during the first quarter. FMR LLC now owns 5,028 shares of the company’s stock worth $263,000 after purchasing an additional 1,190 shares in the last quarter. LifePlan Financial Group Inc purchased a new position in iShares Russell Top 200 Value ETF during the fourth quarter worth approximately $32,000. TIAA FSB boosted its position in iShares Russell Top 200 Value ETF by 4.7% during the fourth quarter. TIAA FSB now owns 519,615 shares of the company’s stock worth $30,403,000 after purchasing an additional 23,334 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of iShares Russell Top 200 Value ETF by 4.9% in the fourth quarter. AE Wealth Management LLC now owns 1,583,094 shares of the company’s stock valued at $92,627,000 after acquiring an additional 73,418 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. purchased a new position in shares of iShares Russell Top 200 Value ETF in the fourth quarter valued at approximately $28,000.

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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