iShares Micro-Cap ETF (NYSEARCA:IWC) Sees Strong Trading Volume – Should You Buy?

Shares of iShares Micro-Cap ETF (NYSEARCA:IWC) saw an uptick in trading volume on Tuesday . 140,333 shares were traded during mid-day trading, an increase of 257% from the previous session’s volume of 39,267 shares.The stock last traded at $115.38 and had previously closed at $116.61.

iShares Micro-Cap ETF Trading Down 0.8 %

The company’s 50 day moving average price is $126.27 and its two-hundred day moving average price is $127.61. The stock has a market cap of $827.26 million, a P/E ratio of 13.73 and a beta of 1.17.

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 company. Parkworth Wealth Management Inc. purchased a new stake in iShares Micro-Cap ETF in the 4th quarter worth approximately $25,000. Bessemer Group Inc. purchased a new stake in iShares Micro-Cap ETF during the 4th quarter valued at approximately $32,000. Synergy Investment Management LLC purchased a new stake in iShares Micro-Cap ETF during the 4th quarter valued at approximately $51,000. Aptus Capital Advisors LLC grew its holdings in iShares Micro-Cap ETF by 139.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 412 shares of the exchange traded fund’s stock valued at $51,000 after buying an additional 240 shares in the last quarter. Finally, Comerica Bank grew its holdings in iShares Micro-Cap ETF by 38.7% during the 4th quarter. Comerica Bank now owns 573 shares of the exchange traded fund’s stock valued at $75,000 after buying an additional 160 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.