Focus Financial Network Inc. Invests $1.10 Million in iShares Micro-Cap ETF $IWC

Focus Financial Network Inc. acquired a new stake in shares of iShares Micro-Cap ETF (NYSEARCA:IWC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,370 shares of the exchange traded fund’s stock, valued at approximately $1,099,000. Focus Financial Network Inc. owned approximately 0.11% of iShares Micro-Cap ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Acropolis Investment Management LLC purchased a new stake in iShares Micro-Cap ETF during the 3rd quarter worth approximately $671,000. City Center Advisors LLC acquired a new stake in shares of iShares Micro-Cap ETF during the third quarter worth $246,000. MML Investors Services LLC grew its holdings in shares of iShares Micro-Cap ETF by 87.8% during the second quarter. MML Investors Services LLC now owns 4,944 shares of the exchange traded fund’s stock valued at $631,000 after buying an additional 2,312 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of iShares Micro-Cap ETF in the 2nd quarter valued at $287,000. Finally, Sentinel Wealth Management Inc. acquired a new position in shares of iShares Micro-Cap ETF in the 2nd quarter valued at $487,000.

iShares Micro-Cap ETF Stock Performance

Shares of IWC opened at $161.26 on Monday. The stock has a 50-day moving average of $155.42 and a two-hundred day moving average of $143.62. iShares Micro-Cap ETF has a one year low of $95.25 and a one year high of $166.98. The stock has a market cap of $1.06 billion, a P/E ratio of 15.35 and a beta of 1.11.

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.