Archer Investment Management LLC Invests $1.65 Million in iShares Micro-Cap ETF (NYSEARCA:IWC)

Archer Investment Management LLC bought a new position in iShares Micro-Cap ETF (NYSEARCA:IWCFree Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 12,661 shares of the exchange traded fund’s stock, valued at approximately $1,651,000. iShares Micro-Cap ETF accounts for approximately 1.0% of Archer Investment Management LLC’s portfolio, making the stock its 22nd largest holding.

Several other large investors have also recently modified their holdings of IWC. Bristlecone Advisors LLC purchased a new position in iShares Micro-Cap ETF during the third quarter valued at approximately $46,000. Aptus Capital Advisors LLC grew its stake in iShares Micro-Cap ETF by 139.5% during the third quarter. Aptus Capital Advisors LLC now owns 412 shares of the exchange traded fund’s stock valued at $51,000 after acquiring an additional 240 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in iShares Micro-Cap ETF during the third quarter valued at approximately $105,000. Joel Isaacson & Co. LLC purchased a new position in iShares Micro-Cap ETF during the third quarter valued at approximately $211,000. Finally, Tilson Financial Group Inc. purchased a new position in iShares Micro-Cap ETF during the third quarter valued at approximately $212,000.

iShares Micro-Cap ETF Price Performance

IWC stock opened at $128.14 on Tuesday. iShares Micro-Cap ETF has a one year low of $108.90 and a one year high of $139.98. The stock has a market cap of $941.83 million, a PE ratio of 10.47 and a beta of 1.21. The firm has a 50 day simple moving average of $132.20 and a two-hundred day simple moving average of $127.00.

iShares Micro-Cap ETF Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding IWC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Micro-Cap ETF (NYSEARCA:IWCFree Report).

Institutional Ownership by Quarter for iShares Micro-Cap ETF (NYSEARCA:IWC)

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