Schwab Charles Investment Management Inc. lessened its position in iShares Russell Microcap Index (NYSEARCA:IWC) by 46.0% during the third quarter, Holdings Channel reports. The institutional investor owned 55,358 shares of the exchange traded fund’s stock after selling 47,075 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in iShares Russell Microcap Index were worth $5,229,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. HighTower Advisors LLC raised its position in iShares Russell Microcap Index by 0.9% in the 2nd quarter. HighTower Advisors LLC now owns 30,279 shares of the exchange traded fund’s stock valued at $2,680,000 after buying an additional 260 shares during the last quarter. WESCAP Management Group Inc. raised its position in iShares Russell Microcap Index by 1.0% in the 2nd quarter. WESCAP Management Group Inc. now owns 43,247 shares of the exchange traded fund’s stock valued at $3,845,000 after buying an additional 421 shares during the last quarter. Goldman Sachs Group Inc. raised its position in iShares Russell Microcap Index by 2.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 18,370 shares of the exchange traded fund’s stock valued at $1,634,000 after buying an additional 442 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in iShares Russell Microcap Index by 10.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 4,764 shares of the exchange traded fund’s stock valued at $424,000 after buying an additional 450 shares during the last quarter. Finally, Madrona Financial Services LLC increased its position in shares of iShares Russell Microcap Index by 15.4% during the 3rd quarter. Madrona Financial Services LLC now owns 6,280 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 836 shares during the last quarter.

iShares Russell Microcap Index (NYSEARCA:IWC) opened at $97.10 on Wednesday. The firm has a market capitalization of $914.53 and a P/E ratio of 42.22. iShares Russell Microcap Index has a 1 year low of $81.65 and a 1 year high of $97.60.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 22nd were given a dividend of $0.4084 per share. This is a positive change from iShares Russell Microcap Index’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, December 21st. This represents a $1.63 annualized dividend and a dividend yield of 1.68%. iShares Russell Microcap Index’s payout ratio is 45.22%.

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About iShares Russell Microcap Index

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.

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Institutional Ownership by Quarter for iShares Russell Microcap Index (NYSEARCA:IWC)

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