Institute for Wealth Management LLC. Increases Stock Holdings in iShares Micro-Cap ETF (NYSEARCA:IWC)

Institute for Wealth Management LLC. increased its stake in iShares Micro-Cap ETF (NYSEARCA:IWC) by 60.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,793 shares of the exchange traded fund’s stock after acquiring an additional 2,921 shares during the quarter. Institute for Wealth Management LLC.’s holdings in iShares Micro-Cap ETF were worth $904,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. purchased a new stake in shares of iShares Micro-Cap ETF during the first quarter worth about $69,148,000. CI Private Wealth LLC purchased a new stake in iShares Micro-Cap ETF during the 4th quarter worth approximately $29,356,000. Charles Schwab Investment Management Inc. acquired a new position in shares of iShares Micro-Cap ETF during the third quarter valued at approximately $5,211,000. Jane Street Group LLC lifted its position in shares of iShares Micro-Cap ETF by 2,077.0% in the first quarter. Jane Street Group LLC now owns 43,495 shares of the exchange traded fund’s stock valued at $5,605,000 after acquiring an additional 45,695 shares in the last quarter. Finally, Cumberland Advisors Inc. acquired a new stake in shares of iShares Micro-Cap ETF in the third quarter worth approximately $4,338,000.

iShares Micro-Cap ETF Stock Performance

Shares of IWC opened at $110.21 on Friday. The stock has a 50 day moving average price of $116.72 and a 200 day moving average price of $109.11. The stock has a market capitalization of $837.60 million, a price-to-earnings ratio of 10.59 and a beta of 1.20. iShares Micro-Cap ETF has a one year low of $90.70 and a one year high of $121.61.

iShares Micro-Cap ETF 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.