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

iShares Micro-Cap ETF (NYSEARCA:IWC)’s share price hit a new 52-week high on Wednesday . The company traded as high as $158.34 and last traded at $157.46, with a volume of 47330 shares. The stock had previously closed at $153.96.

iShares Micro-Cap ETF Trading Down 2.9%

The business has a 50-day moving average price of $145.70 and a two-hundred day moving average price of $129.08. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 15.35 and a beta of 1.12.

Institutional Trading of iShares Micro-Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. AE Wealth Management LLC acquired a new stake in shares of iShares Micro-Cap ETF during the 1st quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. acquired a new stake in iShares Micro-Cap ETF in the 1st quarter valued at approximately $46,000. MAI Capital Management increased its position in iShares Micro-Cap ETF by 24.6% in the 1st quarter. MAI Capital Management now owns 471 shares of the exchange traded fund’s stock valued at $52,000 after acquiring an additional 93 shares during the period. IFP Advisors Inc increased its position in iShares Micro-Cap ETF by 71.9% in the 1st quarter. IFP Advisors Inc now owns 990 shares of the exchange traded fund’s stock valued at $110,000 after acquiring an additional 414 shares during the period. Finally, Annandale Capital LLC acquired a new stake in iShares Micro-Cap ETF in the 2nd quarter valued at approximately $204,000.

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.