iShares Micro-Cap ETF (NYSEARCA:IWC) Hits New 1-Year High – What’s Next?

iShares Micro-Cap ETF (NYSEARCA:IWC) shares reached a new 52-week high on Tuesday . The company traded as high as $152.12 and last traded at $151.39, with a volume of 69724 shares traded. The stock had previously closed at $149.04.

iShares Micro-Cap ETF Stock Performance

The stock has a market capitalization of $968.90 million, a P/E ratio of 15.35 and a beta of 1.12. The stock’s fifty day simple moving average is $138.71 and its two-hundred day simple moving average is $124.61.

Institutional Investors Weigh In On iShares Micro-Cap ETF

A number of institutional investors have recently added to or reduced their stakes in the business. 1832 Asset Management L.P. grew its holdings in iShares Micro-Cap ETF by 12.7% during the 1st quarter. 1832 Asset Management L.P. now owns 545,890 shares of the exchange traded fund’s stock worth $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 holdings in iShares Micro-Cap ETF by 28.1% during 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 acquiring an additional 32,082 shares during the last quarter. Halbert Hargrove Global Advisors LLC lifted its position 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 during the period. Chicago Partners Investment Group LLC lifted its position in shares of iShares Micro-Cap ETF by 0.9% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 89,990 shares of the exchange traded fund’s stock worth $12,370,000 after purchasing an additional 807 shares during the period. Finally, Avantax Advisory Services Inc. lifted its position in shares of iShares Micro-Cap ETF by 8.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 79,017 shares of the exchange traded fund’s stock worth $8,764,000 after purchasing an additional 6,246 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.