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

iShares Micro-Cap ETF (NYSEARCA:IWC) reached a new 52-week high on Monday . The stock traded as high as $182.95 and last traded at $182.40, with a volume of 57787 shares changing hands. The stock had previously closed at $181.97.

iShares Micro-Cap ETF Stock Up 2.1%

The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 15.35 and a beta of 1.09. The company’s 50-day moving average price is $168.08 and its 200-day moving average price is $163.35.

Institutional Investors Weigh In On iShares Micro-Cap ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. grew its stake in shares of 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 acquiring an additional 203,428 shares in the last quarter. Bank of America Corp DE boosted its holdings in iShares Micro-Cap ETF by 6.3% in 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 holdings in iShares Micro-Cap ETF by 18.5% in 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 stake in iShares Micro-Cap ETF by 134.6% during the 1st 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 in the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in iShares Micro-Cap ETF by 4.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 99,610 shares of the exchange traded fund’s stock worth $15,899,000 after purchasing an additional 4,238 shares in 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.