Johnson Investment Counsel Inc. Trims Stake in iShares Micro-Cap ETF $IWC

Johnson Investment Counsel Inc. trimmed its holdings in shares of iShares Micro-Cap ETF (NYSEARCA:IWC) by 11.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,080 shares of the exchange traded fund’s stock after selling 3,534 shares during the quarter. Johnson Investment Counsel Inc. owned about 0.40% of iShares Micro-Cap ETF worth $3,329,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MAI Capital Management grew its position in iShares Micro-Cap ETF by 24.6% during the first quarter. MAI Capital Management now owns 471 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 93 shares in the last quarter. Physician Wealth Advisors Inc. grew its position in iShares Micro-Cap ETF by 1.3% during the second quarter. Physician Wealth Advisors Inc. now owns 8,970 shares of the exchange traded fund’s stock worth $1,145,000 after buying an additional 114 shares in the last quarter. Davies Financial Advisors Inc. boosted its holdings in shares of iShares Micro-Cap ETF by 8.4% in the 1st quarter. Davies Financial Advisors Inc. now owns 9,154 shares of the exchange traded fund’s stock worth $1,015,000 after purchasing an additional 713 shares in the last quarter. KFA Private Wealth Group LLC purchased a new position in shares of iShares Micro-Cap ETF in the 1st quarter worth about $254,000. Finally, AE Wealth Management LLC purchased a new position in shares of iShares Micro-Cap ETF in the 1st quarter worth about $35,000.

iShares Micro-Cap ETF Trading Down 3.1%

IWC opened at $149.55 on Monday. The stock has a 50-day moving average price of $143.69 and a 200-day moving average price of $128.06. iShares Micro-Cap ETF has a 12-month low of $95.25 and a 12-month high of $155.97. The stock has a market capitalization of $987.03 million, a P/E ratio of 15.35 and a beta of 1.12.

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.