iShares Micro-Cap ETF (NYSEARCA:IWC) Sees Unusually-High Trading Volume – Here’s Why

iShares Micro-Cap ETF (NYSEARCA:IWC) shares saw unusually-strong trading volume on Tuesday . Approximately 140,333 shares changed hands during mid-day trading, an increase of 257% from the previous session’s volume of 39,267 shares.The stock last traded at $115.38 and had previously closed at $116.61.

iShares Micro-Cap ETF Stock Performance

The stock’s fifty day simple moving average is $125.73 and its two-hundred day simple moving average is $127.48. The company has a market cap of $838.48 million, a price-to-earnings ratio of 13.73 and a beta of 1.17.

Hedge Funds Weigh In On iShares Micro-Cap ETF

A number of hedge funds have recently made changes to their positions in the business. National Bank of Canada FI raised its stake in shares of iShares Micro-Cap ETF by 18.3% in the 4th quarter. National Bank of Canada FI now owns 575 shares of the exchange traded fund’s stock valued at $75,000 after acquiring an additional 89 shares during the period. Tucker Asset Management LLC increased its stake in iShares Micro-Cap ETF by 8.9% during the 4th quarter. Tucker Asset Management LLC now owns 1,316 shares of the exchange traded fund’s stock worth $172,000 after buying an additional 108 shares during the period. HighTower Advisors LLC increased its stake in iShares Micro-Cap ETF by 0.6% during the 4th quarter. HighTower Advisors LLC now owns 19,176 shares of the exchange traded fund’s stock worth $2,500,000 after buying an additional 116 shares during the period. Comerica Bank increased its stake in iShares Micro-Cap ETF by 38.7% during the 4th quarter. Comerica Bank now owns 573 shares of the exchange traded fund’s stock worth $75,000 after buying an additional 160 shares during the period. Finally, Parkworth Wealth Management Inc. purchased a new stake in iShares Micro-Cap ETF during the 4th quarter worth $25,000.

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.