iShares Micro-Cap ETF (NYSEARCA:IWC) Sets New 12-Month High – Time to Buy?

iShares Micro-Cap ETF (NYSEARCA:IWC) shares hit a new 52-week high during mid-day trading on Wednesday . The stock 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 Price Performance

The business’s fifty day simple moving average is $123.26 and its 200 day simple moving average is $119.54. The stock has a market cap of $992.25 million, a price-to-earnings ratio of 10.47 and a beta of 1.21.

Institutional Inflows and Outflows

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

iShares Micro-Cap ETF Company 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.