iShares Micro-Cap ETF (NYSEARCA:IWC) Shares Break Below 200 Day Moving Average – Here’s Why

iShares Micro-Cap ETF (NYSEARCA:IWC)’s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $186.78 and traded as low as $180.87. iShares Micro-Cap ETF shares last traded at $182.79, with a volume of 248,635 shares changing hands.

iShares Micro-Cap ETF Price Performance

The firm has a market capitalization of $1.32 billion, a PE ratio of 15.35 and a beta of 1.12. The company’s fifty day simple moving average is $192.63 and its 200 day simple moving average is $186.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IWC. Whittier Trust Co. grew its stake in iShares Micro-Cap ETF by 168.8% during the first quarter. Whittier Trust Co. now owns 323,937 shares of the exchange traded fund’s stock valued at $52,899,000 after acquiring an additional 203,428 shares in the last quarter. Bank of America Corp DE lifted its stake in iShares Micro-Cap ETF by 10.5% in the 1st quarter. Bank of America Corp DE now owns 235,188 shares of the exchange traded fund’s stock worth $37,538,000 after purchasing an additional 22,376 shares in the last quarter. Corient Private Wealth LLC lifted its stake in iShares Micro-Cap ETF by 18.5% in the 4th quarter. Corient Private Wealth LLC now owns 177,674 shares of the exchange traded fund’s stock worth $28,019,000 after purchasing an additional 27,768 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in iShares Micro-Cap ETF by 134.6% in the 1st 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 purchasing an additional 94,500 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in iShares Micro-Cap ETF by 14.3% in the 1st quarter. Cetera Investment Advisers now owns 108,219 shares of the exchange traded fund’s stock valued at $17,273,000 after purchasing an additional 13,520 shares during the period.

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.