iShares Micro-Cap ETF (NYSEARCA:IWC) Reaches New 12-Month High – What’s Next?

iShares Micro-Cap ETF (NYSEARCA:IWC) reached a new 52-week high on Thursday . The company traded as high as $170.20 and last traded at $169.84, with a volume of 63676 shares. The stock had previously closed at $167.64.

iShares Micro-Cap ETF Price Performance

The firm has a market capitalization of $1.22 billion, a PE ratio of 15.35 and a beta of 1.11. The company has a 50-day moving average price of $157.87 and a 200-day moving average price of $148.23.

Institutional Investors Weigh In On iShares Micro-Cap ETF

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of iShares Micro-Cap ETF by 6.3% in the third quarter. Bank of America Corp DE now owns 214,732 shares of the exchange traded fund’s stock valued at $32,014,000 after buying an additional 12,731 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in iShares Micro-Cap ETF by 28.1% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 146,444 shares of the exchange traded fund’s stock valued at $18,695,000 after acquiring an additional 32,082 shares during the last quarter. TABR Capital Management LLC acquired a new position in iShares Micro-Cap ETF in the 3rd quarter valued at $19,203,000. Chicago Partners Investment Group LLC lifted its stake in shares of iShares Micro-Cap ETF by 4.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 93,626 shares of the exchange traded fund’s stock worth $14,748,000 after purchasing an additional 3,636 shares during the period. Finally, Yeomans Consulting Group Inc. purchased a new position in shares of iShares Micro-Cap ETF during the 4th quarter worth $10,521,000.

iShares Micro-Cap ETF Company Profile

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. The Index is a float-adjusted capitalization-weighted index and includes equity securities issued by issuers with total market capitalizations ranging from approximately $50 million to $550 million, though these amounts may change from time to time.