iShares Micro-Cap ETF (NYSEARCA:IWC) Reaches New 1-Year High – Time to Buy?

iShares Micro-Cap ETF (NYSEARCA:IWC)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $143.60 and last traded at $143.22, with a volume of 36656 shares changing hands. The stock had previously closed at $143.14.

iShares Micro-Cap ETF Price Performance

The company has a market capitalization of $910.91 million, a PE ratio of 15.35 and a beta of 1.12. The firm’s fifty day simple moving average is $133.83 and its 200 day simple moving average is $122.34.

Institutional Investors Weigh In On iShares Micro-Cap ETF

Hedge funds have recently added to or reduced their stakes in the business. Davies Financial Advisors Inc. raised its position in shares of iShares Micro-Cap ETF by 8.4% in the first quarter. Davies Financial Advisors Inc. now owns 9,154 shares of the exchange traded fund’s stock worth $1,015,000 after acquiring an additional 713 shares during the period. Capstone Investment Advisors LLC raised its position in shares of iShares Micro-Cap ETF by 5.0% in the fourth quarter. Capstone Investment Advisors LLC now owns 8,401 shares of the exchange traded fund’s stock worth $1,095,000 after acquiring an additional 400 shares during the period. KFA Private Wealth Group LLC acquired a new position in shares of iShares Micro-Cap ETF in the first quarter worth about $254,000. AE Wealth Management LLC acquired a new position in shares of iShares Micro-Cap ETF in the first quarter worth about $35,000. Finally, SFI Advisors LLC raised its position in shares of iShares Micro-Cap ETF by 1.6% in the first quarter. SFI Advisors LLC now owns 12,148 shares of the exchange traded fund’s stock worth $1,347,000 after acquiring an additional 197 shares during the period.

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.