iShares Micro-Cap ETF (NYSEARCA:IWC) Sees Large Volume Increase – Still a Buy?

iShares Micro-Cap ETF (NYSEARCA:IWC) shares saw unusually-strong trading volume on Tuesday . Approximately 99,995 shares traded hands during trading, an increase of 137% from the previous session’s volume of 42,176 shares.The stock last traded at $140.82 and had previously closed at $142.33.

iShares Micro-Cap ETF Trading Down 0.3%

The company has a market cap of $908.07 million, a price-to-earnings ratio of 15.35 and a beta of 1.12. The company has a fifty day moving average price of $134.19 and a two-hundred day moving average price of $122.29.

Institutional Trading of iShares Micro-Cap ETF

Several institutional investors have recently modified their holdings of the company. MML Investors Services LLC grew its holdings in shares of iShares Micro-Cap ETF by 87.8% during the 2nd quarter. MML Investors Services LLC now owns 4,944 shares of the exchange traded fund’s stock worth $631,000 after purchasing an additional 2,312 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in iShares Micro-Cap ETF during the second quarter worth $287,000. Sentinel Wealth Management Inc. acquired a new position in iShares Micro-Cap ETF during the second quarter worth $487,000. Quantinno Capital Management LP acquired a new position in iShares Micro-Cap ETF during the second quarter worth $292,000. Finally, Cerity Partners LLC acquired a new position in iShares Micro-Cap ETF during the second quarter worth $207,000.

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.