iShares Micro-Cap ETF (NYSEARCA:IWC) Sets New 1-Year High – Here’s Why

iShares Micro-Cap ETF (NYSEARCA:IWC) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $179.63 and last traded at $179.26, with a volume of 2320 shares. The stock had previously closed at $175.63.

iShares Micro-Cap ETF Price Performance

The company has a market cap of $1.36 billion, a price-to-earnings ratio of 15.35 and a beta of 1.06. The business’s 50-day simple moving average is $165.40 and its 200-day simple moving average is $161.16.

Hedge Funds Weigh In On iShares Micro-Cap ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC acquired a new position in iShares Micro-Cap ETF during the fourth quarter worth about $27,000. International Assets Investment Management LLC acquired a new position in shares of iShares Micro-Cap ETF in the fourth quarter valued at approximately $32,000. Frazier Financial Advisors LLC raised its position in shares of iShares Micro-Cap ETF by 104.0% in the fourth quarter. Frazier Financial Advisors LLC now owns 202 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 103 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of iShares Micro-Cap ETF in the fourth quarter valued at approximately $39,000. Finally, Harbour Investments Inc. raised its position in shares of iShares Micro-Cap ETF by 46.4% in the fourth quarter. Harbour Investments Inc. now owns 284 shares of the exchange traded fund’s stock valued at $45,000 after buying an additional 90 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.