iShares Micro-Cap ETF (NYSEARCA:IWC – Get Free Report) saw strong trading volume on Wednesday. Approximately 117,655 shares changed hands during trading, a decline of 2% from the previous session’s volume of 120,290 shares. The stock last traded at $178.11 and had previously closed at $177.26.
iShares Micro-Cap ETF Stock Performance
The stock has a market cap of $1.28 billion, a P/E ratio of 15.35 and a beta of 1.12. The stock’s fifty day moving average is $189.85 and its 200 day moving average is $187.81.
Institutional Investors Weigh In On iShares Micro-Cap ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. lifted its stake in shares of iShares Micro-Cap ETF by 168.8% in the 1st quarter. Whittier Trust Co. now owns 323,937 shares of the exchange traded fund’s stock valued at $52,899,000 after purchasing an additional 203,428 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of iShares Micro-Cap ETF by 134.6% during 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 last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of iShares Micro-Cap ETF during the 3rd quarter valued at approximately $14,758,000. Weber Capital Management LLC ADV bought a new position in shares of iShares Micro-Cap ETF during the 3rd quarter valued at approximately $5,189,000. Finally, Corient Private Wealth LLC increased its position in shares of iShares Micro-Cap ETF by 18.5% during the 4th quarter. Corient Private Wealth LLC now owns 177,674 shares of the exchange traded fund’s stock valued at $28,019,000 after purchasing an additional 27,768 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.
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