iShares Micro-Cap ETF (NYSEARCA:IWC) Sets New 1-Year High – Still a Buy?

iShares Micro-Cap ETF (NYSEARCA:IWC) shares hit a new 52-week high during trading on Monday . The stock traded as high as $194.99 and last traded at $194.99, with a volume of 379 shares traded. The stock had previously closed at $192.13.

iShares Micro-Cap ETF Stock Up 1.2%

The company has a market cap of $1.48 billion, a price-to-earnings ratio of 15.35 and a beta of 1.10. The firm has a 50 day moving average price of $183.65 and a two-hundred day moving average price of $171.25.

Institutional Trading of iShares Micro-Cap ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in iShares Micro-Cap ETF by 523.9% during the 1st quarter. NewEdge Advisors LLC now owns 12,703 shares of the exchange traded fund’s stock worth $2,028,000 after purchasing an additional 10,667 shares during the last quarter. Mullaney Keating & Wright Inc. increased its position in shares of iShares Micro-Cap ETF by 42.7% during the first quarter. Mullaney Keating & Wright Inc. now owns 2,706 shares of the exchange traded fund’s stock worth $432,000 after buying an additional 810 shares during the period. Bank of America Corp DE increased its position in shares of iShares Micro-Cap ETF by 10.5% during the first quarter. Bank of America Corp DE now owns 235,188 shares of the exchange traded fund’s stock worth $37,538,000 after buying an additional 22,376 shares during the period. Genesis Financial Group LLC raised its stake in iShares Micro-Cap ETF by 158.3% during the first quarter. Genesis Financial Group LLC now owns 11,300 shares of the exchange traded fund’s stock worth $1,804,000 after buying an additional 6,925 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in iShares Micro-Cap ETF during the first quarter worth $213,000.

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.