iShares Micro-Cap ETF (NYSEARCA:IWC) Sets New 1-Year High – Here’s What Happened

iShares Micro-Cap ETF (NYSEARCA:IWC) reached a new 52-week high during trading on Wednesday . The company traded as high as $158.34 and last traded at $157.46, with a volume of 47330 shares trading hands. The stock had previously closed at $153.96.

iShares Micro-Cap ETF Stock Up 2.3%

The business has a 50-day simple moving average of $144.65 and a two-hundred day simple moving average of $128.55. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 15.35 and a beta of 1.12.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. 1832 Asset Management L.P. lifted its holdings in iShares Micro-Cap ETF by 12.7% in the 1st quarter. 1832 Asset Management L.P. now owns 545,890 shares of the exchange traded fund’s stock valued at $60,545,000 after acquiring an additional 61,661 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of iShares Micro-Cap ETF by 28.1% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 146,444 shares of the exchange traded fund’s stock worth $18,695,000 after purchasing an additional 32,082 shares during the last quarter. Halbert Hargrove Global Advisors LLC raised its holdings in shares of iShares Micro-Cap ETF by 3.8% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 101,167 shares of the exchange traded fund’s stock worth $11,220,000 after purchasing an additional 3,703 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in iShares Micro-Cap ETF by 0.9% during the second quarter. Chicago Partners Investment Group LLC now owns 89,990 shares of the exchange traded fund’s stock valued at $12,370,000 after purchasing an additional 807 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in iShares Micro-Cap ETF by 8.6% during the first quarter. Avantax Advisory Services Inc. now owns 79,017 shares of the exchange traded fund’s stock valued at $8,764,000 after purchasing an additional 6,246 shares during 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.