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

iShares Micro-Cap ETF (NYSEARCA:IWC)’s share price reached 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 changing hands. The stock had previously closed at $194.91.

iShares Micro-Cap ETF Stock Performance

The business has a 50-day moving average of $185.71 and a 200-day moving average of $172.44. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 15.35 and a beta of 1.10.

Institutional Investors Weigh In On iShares Micro-Cap ETF

Large investors have recently modified their holdings of the company. Whittier Trust Co. increased its holdings in shares of iShares Micro-Cap ETF by 168.8% in the 1st quarter. Whittier Trust Co. now owns 323,937 shares of the exchange traded fund’s stock valued at $52,899,000 after acquiring an additional 203,428 shares during the period. Bank of America Corp DE boosted its stake in iShares Micro-Cap ETF by 10.5% during the 1st quarter. Bank of America Corp DE now owns 235,188 shares of the exchange traded fund’s stock worth $37,538,000 after purchasing an additional 22,376 shares during the period. Corient Private Wealth LLC grew its position in iShares Micro-Cap ETF by 18.5% during the 4th quarter. Corient Private Wealth LLC now owns 177,674 shares of the exchange traded fund’s stock worth $28,019,000 after purchasing an additional 27,768 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in iShares Micro-Cap ETF by 134.6% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 164,721 shares of the exchange traded fund’s stock worth $26,899,000 after purchasing an additional 94,500 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in iShares Micro-Cap ETF by 14.3% in the first quarter. Cetera Investment Advisers now owns 108,219 shares of the exchange traded fund’s stock valued at $17,273,000 after purchasing an additional 13,520 shares during the period.

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.