iShares Micro-Cap ETF (NYSEARCA:IWC) Sees Large Volume Increase – Here’s What Happened

iShares Micro-Cap ETF (NYSEARCA:IWC) saw unusually-strong trading volume on Thursday . Approximately 168,793 shares traded hands during mid-day trading, an increase of 61% from the previous session’s volume of 104,922 shares.The stock last traded at $175.53 and had previously closed at $175.63.

iShares Micro-Cap ETF Trading Up 2.5%

The firm has a 50 day moving average price of $165.64 and a 200-day moving average price of $161.38. The firm has a market cap of $1.37 billion, a PE ratio of 15.35 and a beta of 1.06.

Institutional Investors Weigh In On iShares Micro-Cap ETF

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in iShares Micro-Cap ETF by 6.3% during the third quarter. Bank of America Corp DE now owns 214,732 shares of the exchange traded fund’s stock worth $32,014,000 after purchasing an additional 12,731 shares during the last quarter. Corient Private Wealth LLC lifted its stake in iShares Micro-Cap ETF by 18.5% during the fourth 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 during the last quarter. TABR Capital Management LLC purchased a new stake in iShares Micro-Cap ETF during the third quarter worth approximately $19,203,000. Whittier Trust Co. purchased a new stake in iShares Micro-Cap ETF during the fourth quarter worth approximately $19,589,000. Finally, Wells Fargo & Company MN lifted its stake in iShares Micro-Cap ETF by 4.1% during the fourth quarter. Wells Fargo & Company MN now owns 96,886 shares of the exchange traded fund’s stock worth $15,279,000 after purchasing an additional 3,787 shares during the last quarter.

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.