iShares Micro-Cap ETF (NYSEARCA:IWC) Reaches New 52-Week High – Here’s Why

Shares of iShares Micro-Cap ETF (NYSEARCA:IWC) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $138.78 and last traded at $138.78, with a volume of 6279 shares trading hands. The stock had previously closed at $135.74.

iShares Micro-Cap ETF Price Performance

The firm’s fifty day moving average price is $127.08 and its 200-day moving average price is $121.55. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 10.47 and a beta of 1.21.

Institutional Investors Weigh In On iShares Micro-Cap ETF

A number of hedge funds have recently made changes to their positions in the business. Discipline Wealth Solutions LLC bought a new stake in shares of iShares Micro-Cap ETF during the third quarter valued at about $351,000. EP Wealth Advisors LLC bought a new stake in shares of iShares Micro-Cap ETF during the 3rd quarter worth about $105,000. Stifel Financial Corp lifted its stake in shares of iShares Micro-Cap ETF by 41.1% in the 3rd quarter. Stifel Financial Corp now owns 21,335 shares of the exchange traded fund’s stock worth $2,632,000 after acquiring an additional 6,217 shares during the period. HighTower Advisors LLC boosted its holdings in shares of iShares Micro-Cap ETF by 33.8% in the third quarter. HighTower Advisors LLC now owns 19,060 shares of the exchange traded fund’s stock valued at $2,341,000 after acquiring an additional 4,812 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in shares of iShares Micro-Cap ETF in the third quarter valued at approximately $987,000.

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.