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 Wednesday . The company traded as high as $134.28 and last traded at $133.51, with a volume of 5557 shares traded. The stock had previously closed at $127.13.

iShares Micro-Cap ETF Stock Up 6.2 %

The company has a 50 day moving average of $123.26 and a 200 day moving average of $119.54. The firm has a market cap of $992.25 million, a price-to-earnings ratio of 10.47 and a beta of 1.21.

Institutional Trading of iShares Micro-Cap ETF

A number of hedge funds have recently made changes to their positions in IWC. Mutual of America Capital Management LLC boosted its stake in iShares Micro-Cap ETF by 4.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 47,116 shares of the exchange traded fund’s stock valued at $5,710,000 after acquiring an additional 1,860 shares during the last quarter. Endowment Wealth Management Inc. grew its stake in iShares Micro-Cap ETF by 14.3% in the first quarter. Endowment Wealth Management Inc. now owns 6,308 shares of the exchange traded fund’s stock worth $765,000 after purchasing an additional 791 shares in the last quarter. Texas Yale Capital Corp. grew its stake in iShares Micro-Cap ETF by 3.5% in the first quarter. Texas Yale Capital Corp. now owns 13,280 shares of the exchange traded fund’s stock worth $1,609,000 after purchasing an additional 450 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in iShares Micro-Cap ETF by 5.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 9,339 shares of the exchange traded fund’s stock valued at $1,132,000 after buying an additional 445 shares during the last quarter. Finally, Biltmore Family Office LLC raised its stake in iShares Micro-Cap ETF by 26.6% during the first quarter. Biltmore Family Office LLC now owns 8,905 shares of the exchange traded fund’s stock valued at $1,079,000 after buying an additional 1,872 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.