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

iShares Micro-Cap ETF (NYSEARCA:IWC) shares saw an uptick in trading volume on Thursday. 203,785 shares traded hands during mid-day trading, an increase of 80% from the previous session’s volume of 112,997 shares. The stock last traded at $183.5450 and had previously closed at $184.80.

iShares Micro-Cap ETF Trading Up 0.4%

The firm has a market capitalization of $1.35 billion, a P/E ratio of 15.35 and a beta of 1.10. The company has a 50-day moving average of $193.11 and a 200-day moving average of $185.71.

Institutional Investors Weigh In On iShares Micro-Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its stake in shares of iShares Micro-Cap ETF by 2.2% in the second quarter. Envestnet Asset Management Inc. now owns 57,960 shares of the exchange traded fund’s stock worth $11,594,000 after acquiring an additional 1,253 shares during the period. Integrated Wealth Concepts LLC increased its position in iShares Micro-Cap ETF by 29.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,592 shares of the exchange traded fund’s stock valued at $719,000 after purchasing an additional 820 shares during the period. NewEdge Advisors LLC raised its holdings in iShares Micro-Cap ETF by 4.2% during the 2nd quarter. NewEdge Advisors LLC now owns 13,239 shares of the exchange traded fund’s stock worth $2,648,000 after purchasing an additional 536 shares during the last quarter. Allworth Financial LP raised its holdings in iShares Micro-Cap ETF by 58.0% during the 2nd quarter. Allworth Financial LP now owns 7,391 shares of the exchange traded fund’s stock worth $1,479,000 after purchasing an additional 2,714 shares during the last quarter. Finally, Powerhouse Assets LLC acquired a new position in shares of iShares Micro-Cap ETF in the 2nd quarter worth approximately $215,000.

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. 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.