Archer Investment Management LLC Sells 3,802 Shares of iShares Micro-Cap ETF $IWC

Archer Investment Management LLC lessened its stake in shares of iShares Micro-Cap ETF (NYSEARCA:IWC) by 31.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,168 shares of the exchange traded fund’s stock after selling 3,802 shares during the quarter. Archer Investment Management LLC owned about 0.12% of iShares Micro-Cap ETF worth $1,288,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in IWC. Founders Financial Securities LLC raised its stake in shares of iShares Micro-Cap ETF by 2.9% in the 3rd quarter. Founders Financial Securities LLC now owns 3,411 shares of the exchange traded fund’s stock valued at $508,000 after acquiring an additional 95 shares in the last quarter. Raymond James Financial Inc. grew its holdings in iShares Micro-Cap ETF by 1.7% during the third quarter. Raymond James Financial Inc. now owns 5,795 shares of the exchange traded fund’s stock valued at $864,000 after purchasing an additional 96 shares during the last quarter. Evanson Asset Management LLC raised its position in shares of iShares Micro-Cap ETF by 1.1% in the third quarter. Evanson Asset Management LLC now owns 13,697 shares of the exchange traded fund’s stock valued at $2,042,000 after purchasing an additional 150 shares during the period. MAI Capital Management lifted its stake in shares of iShares Micro-Cap ETF by 37.4% in the second quarter. MAI Capital Management now owns 647 shares of the exchange traded fund’s stock worth $83,000 after buying an additional 176 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of iShares Micro-Cap ETF by 3.2% in the first quarter. AQR Capital Management LLC now owns 5,607 shares of the exchange traded fund’s stock worth $622,000 after buying an additional 176 shares during the last quarter.

iShares Micro-Cap ETF Trading Up 0.2%

NYSEARCA IWC opened at $160.69 on Wednesday. iShares Micro-Cap ETF has a 1 year low of $95.25 and a 1 year high of $176.74. The company has a fifty day simple moving average of $167.01 and a 200 day simple moving average of $159.20. The company has a market cap of $1.24 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.