iShares Micro-Cap ETF (NYSEARCA:IWC) Reaches New 1-Year High – Here’s Why

iShares Micro-Cap ETF (NYSEARCA:IWC)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $193.84 and last traded at $193.15, with a volume of 4240 shares traded. The stock had previously closed at $189.28.

iShares Micro-Cap ETF Price Performance

The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 15.35 and a beta of 1.10. The stock has a 50 day simple moving average of $181.02 and a two-hundred day simple moving average of $170.04.

Institutional Trading of iShares Micro-Cap ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in iShares Micro-Cap ETF by 7.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 954 shares of the exchange traded fund’s stock valued at $150,000 after purchasing an additional 63 shares in the last quarter. Harbour Investments Inc. boosted its holdings in iShares Micro-Cap ETF by 46.4% in the fourth quarter. Harbour Investments Inc. now owns 284 shares of the exchange traded fund’s stock valued at $45,000 after purchasing an additional 90 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in iShares Micro-Cap ETF by 0.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 16,571 shares of the exchange traded fund’s stock valued at $2,613,000 after purchasing an additional 91 shares in the last quarter. Factor Wealth Management LTD boosted its holdings in iShares Micro-Cap ETF by 4.8% in the first quarter. Factor Wealth Management LTD now owns 2,051 shares of the exchange traded fund’s stock valued at $327,000 after purchasing an additional 94 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in iShares Micro-Cap ETF by 1.7% in 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 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.