iShares Micro-Cap ETF (NYSEARCA:IWC) Hits New 1-Year High – Still a Buy?

Shares of iShares Micro-Cap ETF (NYSEARCA:IWC) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $193.84 and last traded at $193.15, with a volume of 4240 shares changing hands. The stock had previously closed at $189.28.

iShares Micro-Cap ETF Price Performance

The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 15.35 and a beta of 1.10. The firm’s fifty day moving average is $182.10 and its 200-day moving average is $170.52.

Hedge Funds Weigh In On iShares Micro-Cap ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IWC. Whittier Trust Co. lifted its holdings 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 valued at $52,899,000 after buying an additional 203,428 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in 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 valued at $26,899,000 after buying an additional 94,500 shares during the period. Yeomans Consulting Group Inc. bought a new stake in iShares Micro-Cap ETF in the fourth quarter valued at $10,521,000. FIL Ltd increased its stake in iShares Micro-Cap ETF by 1,350.9% in the fourth quarter. FIL Ltd now owns 61,271 shares of the exchange traded fund’s stock valued at $9,662,000 after purchasing an additional 57,048 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of iShares Micro-Cap ETF by 2,971.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 42,109 shares of the exchange traded fund’s stock valued at $6,641,000 after purchasing an additional 40,738 shares during the period.

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.