iShares Micro-Cap ETF (NYSEARCA:IWC) Reaches New 52-Week High – Should You Buy?

iShares Micro-Cap ETF (NYSEARCA:IWC)’s stock price reached a new 52-week high on Friday . The company traded as high as $153.84 and last traded at $153.72, with a volume of 2605 shares changing hands. The stock had previously closed at $150.81.

iShares Micro-Cap ETF Trading Up 0.8%

The business has a 50-day moving average price of $141.53 and a two-hundred day moving average price of $126.71. The stock has a market capitalization of $1.00 billion, a P/E ratio of 15.35 and a beta of 1.12.

Institutional Trading of iShares Micro-Cap ETF

Several institutional investors and hedge funds have recently modified their holdings of IWC. Focus Financial Network Inc. bought a new stake in shares of iShares Micro-Cap ETF during the 1st quarter worth $438,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of iShares Micro-Cap ETF by 43.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,386 shares of the exchange traded fund’s stock worth $708,000 after buying an additional 1,946 shares during the last quarter. Halbert Hargrove Global Advisors LLC lifted its position in shares of iShares Micro-Cap ETF by 3.8% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 101,167 shares of the exchange traded fund’s stock worth $11,220,000 after buying an additional 3,703 shares during the last quarter. Institute for Wealth Management LLC. lifted its position in shares of iShares Micro-Cap ETF by 149.1% during the 1st quarter. Institute for Wealth Management LLC. now owns 20,181 shares of the exchange traded fund’s stock worth $2,238,000 after buying an additional 12,079 shares during the last quarter. Finally, Davies Financial Advisors Inc. lifted its position in shares of iShares Micro-Cap ETF by 8.4% during the 1st quarter. Davies Financial Advisors Inc. now owns 9,154 shares of the exchange traded fund’s stock worth $1,015,000 after buying an additional 713 shares during the last quarter.

About iShares Micro-Cap ETF

iShares Micro-Cap ETF, formerly iShares Russell Microcap Index Fund, is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell Microcap Index (the Index). The Index measures the microcap sector of the United States equity market.