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

On November 28, 2024, it was reported that PNC Financial Services Group Inc. has decreased its position in the iShares Russell Top 200 Value ETF (NYSEARCA:IWX) by 1.9% during the third quarter of the year. As a result, PNC now holds 14,785 shares after selling 290 shares in this period. The total value of PNC Financial Services Group's holdings in the ETF stood at approximately $1,202,000 according to their latest SEC filing.

In addition to PNC's adjustments, several other institutional investors and hedge funds have changed their stakes in the iShares Russell Top 200 Value ETF. For instance, Concourse Financial Group Securities Inc. significantly increased its position in the ETF by 56.3% in the third quarter. They now own 433 shares valued at $35,000, following the acquisition of an additional 156 shares. Similarly, OneDigital Investment Advisors LLC raised its stake by 4.5%, owning 5,855 shares worth $476,000 after purchasing an extra 253 shares during the same quarter.

Moreover, Signaturefd LLC took a new position in the ETF in the second quarter, investing around $27,000. Oppenheimer & Co. Inc. has also boosted its holdings by 1.0%, now owning 36,653 shares valued at $2,979,000 after buying 369 more shares. Lastly, FSA Advisors Inc. increased its holdings by 14.1% in the third quarter, now having 3,901 shares valued at $292,000 after purchasing an additional 483 shares.

Current Stock Performance of iShares Russell Top 200 Value ETF

As of November 28, 2024, shares of the iShares Russell Top 200 Value ETF opened at a price of $84.95. This ETF has a market capitalization of $2.45 billion, a price-to-earnings (P/E) ratio of 19.01, and a beta value of 0.63. The ETF has traded between a twelve-month low of $66.87 and a high of $85.36. Its 50-day moving average is $82.09, while the 200-day moving average is around $78.60.

Overview of iShares Russell Top 200 Value ETF

The iShares Russell Top 200 Value ETF, previously known as the iShares Russell Top 200 Value Index Fund, aims to provide investment results that reflect the price and yield performance of the Russell Top 200 Value Index. This index is designed to measure the performance of the largest-cap value stocks in the U.S. equity market.

PNC, iShares, ETF, Investment