iShares Micro-Cap ETF (NYSEARCA:IWC) Stock Price Pass Above Fifty Day Moving Average – Here’s Why

iShares Micro-Cap ETF (NYSEARCA:IWC) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $164.90 and traded as high as $171.60. iShares Micro-Cap ETF shares last traded at $171.12, with a volume of 79,204 shares.

iShares Micro-Cap ETF Stock Performance

The company has a market cap of $1.32 billion, a price-to-earnings ratio of 15.35 and a beta of 1.11. The business has a 50-day simple moving average of $164.90 and a 200-day simple moving average of $153.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IWC. Flow Traders U.S. LLC acquired a new stake in iShares Micro-Cap ETF in the second quarter valued at about $593,000. Acropolis Investment Management LLC acquired a new position in iShares Micro-Cap ETF during the 3rd quarter worth approximately $671,000. Focus Financial Network Inc. purchased a new position in shares of iShares Micro-Cap ETF during the 3rd quarter worth approximately $1,099,000. Concurrent Investment Advisors LLC purchased a new position in shares of iShares Micro-Cap ETF during the 3rd quarter worth approximately $891,000. Finally, Endowment Wealth Management Inc. lifted its holdings in shares of iShares Micro-Cap ETF by 15.0% in the 2nd quarter. Endowment Wealth Management Inc. now owns 13,306 shares of the exchange traded fund’s stock valued at $1,699,000 after buying an additional 1,735 shares during the period.

iShares Micro-Cap ETF Company Profile

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.