Capstone Wealth Management Group LLC Takes $2.38 Million Position in iShares Micro-Cap ETF $IWC

Capstone Wealth Management Group LLC purchased a new position in iShares Micro-Cap ETF (NYSEARCA:IWC) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 14,930 shares of the exchange traded fund’s stock, valued at approximately $2,383,000. iShares Micro-Cap ETF makes up 1.0% of Capstone Wealth Management Group LLC’s investment portfolio, making the stock its 25th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of IWC. Whittier Trust Co. increased its stake in iShares Micro-Cap ETF by 168.8% in the first quarter. Whittier Trust Co. now owns 323,937 shares of the exchange traded fund’s stock worth $52,899,000 after purchasing an additional 203,428 shares during the period. Bank of America Corp DE boosted its stake in shares of iShares Micro-Cap ETF by 6.3% during the third quarter. Bank of America Corp DE now owns 214,732 shares of the exchange traded fund’s stock valued at $32,014,000 after purchasing an additional 12,731 shares during the period. Corient Private Wealth LLC boosted its stake in shares of iShares Micro-Cap ETF by 18.5% during the fourth quarter. Corient Private Wealth LLC now owns 177,674 shares of the exchange traded fund’s stock valued at $28,019,000 after purchasing an additional 27,768 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of iShares Micro-Cap ETF by 134.6% in the first 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, Wells Fargo & Company MN grew its holdings in shares of iShares Micro-Cap ETF by 4.1% in the fourth quarter. Wells Fargo & Company MN now owns 96,886 shares of the exchange traded fund’s stock worth $15,279,000 after purchasing an additional 3,787 shares during the last quarter.

iShares Micro-Cap ETF Price Performance

IWC stock opened at $196.31 on Wednesday. iShares Micro-Cap ETF has a 12 month low of $126.19 and a 12 month high of $203.28. The firm’s 50-day moving average is $188.35 and its 200 day moving average is $174.21. The company has a market capitalization of $1.49 billion, a PE ratio of 15.35 and a beta of 1.09.

iShares Micro-Cap ETF 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.