iShares Micro-Cap ETF (NYSEARCA:IWC) Reaches New 1-Year High – What’s Next?

iShares Micro-Cap ETF (NYSEARCA:IWC) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $188.97 and last traded at $188.85, with a volume of 53105 shares. The stock had previously closed at $185.68.

iShares Micro-Cap ETF Price Performance

The company’s fifty day simple moving average is $169.84 and its 200-day simple moving average is $164.43. The firm has a market capitalization of $1.42 billion, a PE ratio of 15.35 and a beta of 1.09.

Hedge Funds Weigh In On iShares Micro-Cap ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in iShares Micro-Cap ETF by 7.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 954 shares of the exchange traded fund’s stock valued at $150,000 after purchasing an additional 63 shares during the last quarter. Harbour Investments Inc. boosted its holdings in iShares Micro-Cap ETF by 46.4% in the 4th quarter. Harbour Investments Inc. now owns 284 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 90 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in iShares Micro-Cap ETF by 0.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 16,571 shares of the exchange traded fund’s stock valued at $2,613,000 after purchasing an additional 91 shares during the last quarter. Factor Wealth Management LTD boosted its holdings in iShares Micro-Cap ETF by 4.8% in the 1st quarter. Factor Wealth Management LTD now owns 2,051 shares of the exchange traded fund’s stock valued at $327,000 after purchasing an additional 94 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in iShares Micro-Cap ETF by 1.7% in the 3rd quarter. Raymond James Financial Inc. now owns 5,795 shares of the exchange traded fund’s stock valued at $864,000 after purchasing an additional 96 shares during the last quarter.

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.