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

iShares Micro-Cap ETF (NYSEARCA:IWC) shares saw an uptick in trading volume on Tuesday . 102,560 shares were traded during trading, an increase of 133% from the previous session’s volume of 44,067 shares.The stock last traded at $162.15 and had previously closed at $162.78.

iShares Micro-Cap ETF Stock Performance

The stock has a fifty day simple moving average of $155.60 and a two-hundred day simple moving average of $143.91. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 15.35 and a beta of 1.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IWC. Northwestern Mutual Wealth Management Co. bought a new stake in shares of iShares Micro-Cap ETF in the 1st quarter valued at about $46,000. MAI Capital Management increased its stake in iShares Micro-Cap ETF by 24.6% in the 1st quarter. MAI Capital Management now owns 471 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 93 shares during the period. Mather Group LLC. purchased a new position in iShares Micro-Cap ETF in the 3rd quarter worth approximately $95,000. Advisory Services Network LLC bought a new stake in iShares Micro-Cap ETF in the third quarter valued at approximately $160,000. Finally, Annandale Capital LLC purchased a new stake in shares of iShares Micro-Cap ETF during the second quarter valued at approximately $204,000.

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. The Index is a float-adjusted capitalization-weighted index and includes equity securities issued by issuers with total market capitalizations ranging from approximately $50 million to $550 million, though these amounts may change from time to time.