iShares Micro-Cap ETF (NYSEARCA:IWC) Hits New 12-Month High – Should You Buy?

iShares Micro-Cap ETF (NYSEARCA:IWC) shares hit a new 52-week high on Monday . The stock traded as high as $196.75 and last traded at $196.30, with a volume of 4299 shares. The stock had previously closed at $194.91.

iShares Micro-Cap ETF Stock Up 0.7%

The stock has a fifty day moving average of $185.71 and a 200-day moving average of $172.44. The stock has a market cap of $1.49 billion, a PE ratio of 15.35 and a beta of 1.10.

Institutional Trading of iShares Micro-Cap ETF

Hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. grew its position in iShares Micro-Cap ETF by 107,932.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 70,221 shares of the exchange traded fund’s stock valued at $11,414,000 after buying an additional 70,156 shares during the last quarter. Whittier Trust Co. acquired a new position in iShares Micro-Cap ETF during the fourth quarter worth about $19,589,000. Genesis Financial Group LLC purchased a new position in iShares Micro-Cap ETF in the 4th quarter valued at approximately $690,000. Del Sette Capital Management LLC purchased a new position in shares of iShares Micro-Cap ETF in the third quarter valued at $2,180,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Micro-Cap ETF by 744,866.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 22,349 shares of the exchange traded fund’s stock worth $3,524,000 after purchasing an additional 22,346 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. 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.