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

Shares of iShares Micro-Cap ETF (NYSEARCA:IWC) hit a new 52-week high during trading on Friday . The stock traded as high as $162.21 and last traded at $161.3350, with a volume of 8665 shares trading hands. The stock had previously closed at $161.19.

iShares Micro-Cap ETF Price Performance

The firm’s 50 day moving average price is $153.10 and its 200-day moving average price is $140.06. The stock has a market cap of $1.06 billion, a P/E ratio of 15.35 and a beta of 1.11.

Institutional Trading of iShares Micro-Cap ETF

A number of large investors have recently made changes to their positions in the stock. Endowment Wealth Management Inc. raised its stake in iShares Micro-Cap ETF by 15.0% during the 2nd quarter. Endowment Wealth Management Inc. now owns 13,306 shares of the exchange traded fund’s stock valued at $1,699,000 after buying an additional 1,735 shares during the last quarter. Tillman Hartley LLC bought a new stake in shares of iShares Micro-Cap ETF in the second quarter worth $407,000. Joel Isaacson & Co. LLC purchased a new stake in iShares Micro-Cap ETF during the second quarter valued at $232,000. Physician Wealth Advisors Inc. lifted its holdings in iShares Micro-Cap ETF by 1.3% in the second quarter. Physician Wealth Advisors Inc. now owns 8,970 shares of the exchange traded fund’s stock valued at $1,145,000 after acquiring an additional 114 shares during the period. Finally, Future Fund LLC purchased a new position in iShares Micro-Cap ETF in the second quarter worth about $303,000.

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.