iShares Micro-Cap ETF (NYSEARCA:IWC) Sets New 1-Year High – What’s Next?

iShares Micro-Cap ETF (NYSEARCA:IWC) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $167.49 and last traded at $167.2210, with a volume of 30548 shares trading hands. The stock had previously closed at $165.24.

iShares Micro-Cap ETF Stock Up 0.5%

The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 15.35 and a beta of 1.11. The company’s fifty day moving average is $156.95 and its two-hundred day moving average is $147.36.

Institutional Investors Weigh In On iShares Micro-Cap ETF

Several large investors have recently modified their holdings of IWC. Founders Financial Securities LLC raised its holdings in shares of iShares Micro-Cap ETF by 2.9% during the third quarter. Founders Financial Securities LLC now owns 3,411 shares of the exchange traded fund’s stock worth $508,000 after acquiring an additional 95 shares during the period. Raymond James Financial Inc. increased its holdings in iShares Micro-Cap ETF by 1.7% during the 3rd quarter. Raymond James Financial Inc. now owns 5,795 shares of the exchange traded fund’s stock worth $864,000 after purchasing an additional 96 shares in the last quarter. World Investment Advisors raised its stake in shares of iShares Micro-Cap ETF by 5.1% in the 2nd quarter. World Investment Advisors now owns 2,050 shares of the exchange traded fund’s stock valued at $262,000 after purchasing an additional 100 shares during the period. Dumont & Blake Investment Advisors LLC lifted its holdings in shares of iShares Micro-Cap ETF by 0.3% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 41,306 shares of the exchange traded fund’s stock valued at $5,273,000 after purchasing an additional 108 shares in the last quarter. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of iShares Micro-Cap ETF by 1.3% in the second quarter. Physician Wealth Advisors Inc. now owns 8,970 shares of the exchange traded fund’s stock valued at $1,145,000 after purchasing an additional 114 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.