iShares Micro-Cap ETF (NYSEARCA:IWC) Sets New 52-Week High – Should You Buy?

Shares of iShares Micro-Cap ETF (NYSEARCA:IWCGet Free Report) reached a new 52-week high on Monday . The company traded as high as $194.99 and last traded at $194.99, with a volume of 379 shares trading hands. The stock had previously closed at $192.13.

iShares Micro-Cap ETF Trading Down 0.8%

The stock has a 50 day moving average of $184.57 and a 200-day moving average of $171.77. The company has a market capitalization of $1.46 billion, a P/E ratio of 15.35 and a beta of 1.10.

Hedge Funds Weigh In On iShares Micro-Cap ETF

A number of hedge funds have recently modified their holdings of the company. Harbor Investment Advisory LLC raised its position in shares of iShares Micro-Cap ETF by 325.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 170 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 130 shares during the period. Signaturefd LLC purchased a new position in shares of iShares Micro-Cap ETF during the 4th quarter valued at $27,000. International Assets Investment Management LLC bought a new position in iShares Micro-Cap ETF in the 4th quarter worth $32,000. Frazier Financial Advisors LLC boosted its holdings in iShares Micro-Cap ETF by 104.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 202 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 103 shares during the period. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in iShares Micro-Cap ETF in the 4th quarter worth $39,000.

iShares Micro-Cap ETF Company Profile

(Get Free Report)

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.

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