iShares Micro-Cap ETF (NYSEARCA:IWC) Sees Large Volume Increase – Time to Buy?

iShares Micro-Cap ETF (NYSEARCA:IWC) shares saw an uptick in trading volume on Tuesday . 102,560 shares were traded during mid-day trading, an increase of 133% from the previous session’s volume of 44,067 shares.The stock last traded at $162.15 and had previously closed at $162.78.

iShares Micro-Cap ETF Price Performance

The stock has a 50-day moving average of $155.60 and a 200-day moving average of $143.91. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 15.35 and a beta of 1.11.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IWC. Summit Financial LLC bought a new stake in iShares Micro-Cap ETF during the first quarter worth about $612,000. Kestra Advisory Services LLC raised its position in shares of iShares Micro-Cap ETF by 1.7% in the 1st quarter. Kestra Advisory Services LLC now owns 20,291 shares of the exchange traded fund’s stock valued at $2,250,000 after buying an additional 339 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of iShares Micro-Cap ETF during the 1st quarter worth approximately $46,000. MAI Capital Management boosted its position in shares of iShares Micro-Cap ETF by 24.6% during the 1st quarter. MAI Capital Management now owns 471 shares of the exchange traded fund’s stock worth $52,000 after acquiring an additional 93 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its position in shares of iShares Micro-Cap ETF by 17.5% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 4,671 shares of the exchange traded fund’s stock worth $518,000 after acquiring an additional 694 shares in 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.