iShares Micro-Cap ETF (NYSEARCA:IWC) Hits New 12-Month High – Should You Buy?

iShares Micro-Cap ETF (NYSEARCA:IWC) shares reached a new 52-week high on Wednesday . The company traded as high as $172.75 and last traded at $171.9570, with a volume of 79494 shares. The stock had previously closed at $169.69.

iShares Micro-Cap ETF Stock Performance

The company has a 50 day moving average of $159.49 and a 200 day moving average of $149.48. The firm has a market cap of $1.28 billion, a P/E ratio of 15.35 and a beta of 1.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. TABR Capital Management LLC bought a new stake in iShares Micro-Cap ETF in the third quarter worth $19,203,000. Yeomans Consulting Group Inc. acquired a new stake in shares of iShares Micro-Cap ETF in the fourth quarter worth about $10,521,000. Norden Group LLC bought a new stake in shares of iShares Micro-Cap ETF during the 3rd quarter worth about $7,047,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of iShares Micro-Cap ETF by 28.1% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 146,444 shares of the exchange traded fund’s stock worth $18,695,000 after acquiring an additional 32,082 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of iShares Micro-Cap ETF during the 1st quarter valued at about $2,441,000.

iShares Micro-Cap ETF Company Profile

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.