PNC Financial Services Group Inc. Reduces Stake in iShares Russell Top 200 Value ETF

PNC Financial Services Group Inc. has decreased its holdings in the iShares Russell Top 200 Value ETF (NYSEARCA:IWX) by 1.9% during the third quarter of the year, according to a report by HoldingsChannel.com. After selling 290 shares, the institutional investor now owns 14,785 shares of the ETF, which are valued at approximately $1,202,000 based on the latest filings with the SEC.

Other institutional investors have also made changes to their positions in the iShares Russell Top 200 Value ETF. For instance, Concourse Financial Group Securities Inc. increased its stake by 56.3% in the third quarter, now owning 433 shares worth around $35,000 after adding 156 shares. Similarly, OneDigital Investment Advisors LLC raised its stake by 4.5%, bringing its total to 5,855 shares valued at $476,000 after acquiring an additional 253 shares. Additionally, Signaturefd LLC entered a new position in the ETF in the second quarter valued at about $27,000.

Oppenheimer & Co. Inc. also adjusted its holdings, increasing its stake by 1.0% to a total of 36,653 shares worth $2,979,000 after buying an additional 369 shares. Lastly, FSA Advisors Inc. grew its holdings by 14.1%, ending the quarter with 3,901 shares valued at $292,000 after purchasing an additional 483 shares.

Current Status of iShares Russell Top 200 Value ETF

As of Thursday, shares of the iShares Russell Top 200 Value ETF (NYSEARCA IWX) opened at $84.95. The fund has a market capitalization of $2.45 billion and a price-to-earnings (P/E) ratio of 19.01, with a beta of 0.63. Over the past year, the ETF has reached a low of $66.87 and a high of $85.36. Its 50-day moving average is currently $82.09, while its 200-day moving average stands at $78.60.

About the iShares Russell Top 200 Value ETF

The iShares Russell Top 200 Value ETF, which was previously known as the iShares Russell Top 200 Value Index Fund, aims to provide investment results that are generally aligned with the price and yield performance of the Russell Top 200 Value Index. This index is designed to measure the performance of the largest capitalization value sector within the U.S. equity market.

PNC, iShares, ETF