iShares Micro-Cap ETF (NYSEARCA:IWC) Hits New 12-Month High – Here’s Why

iShares Micro-Cap ETF (NYSEARCA:IWC) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $194.99 and last traded at $194.99, with a volume of 379 shares trading hands. The stock had previously closed at $192.13.

iShares Micro-Cap ETF Trading Up 1.2%

The stock has a market cap of $1.48 billion, a PE ratio of 15.35 and a beta of 1.10. The business has a 50-day moving average price of $183.65 and a 200 day moving average price of $171.25.

Institutional Investors Weigh In On iShares Micro-Cap ETF

Several institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased 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 purchasing an additional 176 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in iShares Micro-Cap ETF by 37.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 19,016 shares of the exchange traded fund’s stock worth $2,109,000 after buying an additional 5,152 shares during the period. Jane Street Group LLC bought a new position in iShares Micro-Cap ETF in the 1st quarter worth approximately $2,441,000. Focus Partners Wealth grew its stake in iShares Micro-Cap ETF by 6.7% in the 1st quarter. Focus Partners Wealth now owns 5,036 shares of the exchange traded fund’s stock valued at $559,000 after buying an additional 318 shares in the last quarter. Finally, Cerity Partners LLC purchased a new position in iShares Micro-Cap ETF in the 2nd quarter valued at approximately $207,000.

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.