Focus Financial Network Inc. Takes $438,000 Position in iShares Micro-Cap ETF (NYSEARCA:IWC)

Focus Financial Network Inc. acquired a new stake in shares of iShares Micro-Cap ETF (NYSEARCA:IWC) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,949 shares of the exchange traded fund’s stock, valued at approximately $438,000. Focus Financial Network Inc. owned approximately 0.06% of iShares Micro-Cap ETF at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IWC. Allworth Financial LP lifted its stake in iShares Micro-Cap ETF by 284.3% in the 4th quarter. Allworth Financial LP now owns 5,453 shares of the exchange traded fund’s stock valued at $718,000 after acquiring an additional 4,034 shares in the last quarter. HighTower Advisors LLC lifted its stake in iShares Micro-Cap ETF by 0.6% in the 4th quarter. HighTower Advisors LLC now owns 19,176 shares of the exchange traded fund’s stock valued at $2,500,000 after acquiring an additional 116 shares in the last quarter. Annandale Capital LLC bought a new stake in iShares Micro-Cap ETF in the 4th quarter valued at approximately $209,000. Bank of New York Mellon Corp lifted its stake in iShares Micro-Cap ETF by 52.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,453 shares of the exchange traded fund’s stock valued at $450,000 after acquiring an additional 1,186 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in iShares Micro-Cap ETF by 268.8% in the 4th quarter. Global Retirement Partners LLC now owns 13,435 shares of the exchange traded fund’s stock valued at $1,752,000 after acquiring an additional 9,792 shares in the last quarter.

iShares Micro-Cap ETF Stock Down 2.3%

NYSEARCA:IWC opened at $122.53 on Friday. iShares Micro-Cap ETF has a twelve month low of $95.25 and a twelve month high of $139.98. The firm has a market capitalization of $796.45 million, a price-to-earnings ratio of 14.24 and a beta of 1.08. The stock’s 50 day moving average price is $114.28 and its two-hundred day moving average price is $122.04.

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.