Shares of iShares Micro-Cap ETF (NYSEARCA:IWC – Get Free Report) saw strong trading volume on Wednesday . Approximately 163,922 shares changed hands during trading, an increase of 53% from the previous session’s volume of 106,913 shares.The stock last traded at $189.1390 and had previously closed at $192.76.
iShares Micro-Cap ETF Stock Performance
The stock’s fifty day moving average is $193.71 and its two-hundred day moving average is $184.77. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 15.35 and a beta of 1.10.
Hedge Funds Weigh In On iShares Micro-Cap ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC increased its position in iShares Micro-Cap ETF by 29.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,592 shares of the exchange traded fund’s stock valued at $719,000 after acquiring an additional 820 shares during the period. NewEdge Advisors LLC grew its stake in shares of iShares Micro-Cap ETF by 4.2% in the second quarter. NewEdge Advisors LLC now owns 13,239 shares of the exchange traded fund’s stock worth $2,648,000 after purchasing an additional 536 shares in the last quarter. Allworth Financial LP grew its stake in shares of iShares Micro-Cap ETF by 58.0% in the second quarter. Allworth Financial LP now owns 7,391 shares of the exchange traded fund’s stock worth $1,479,000 after purchasing an additional 2,714 shares in the last quarter. Powerhouse Assets LLC acquired a new position in shares of iShares Micro-Cap ETF during the second quarter valued at $215,000. Finally, Bank OZK acquired a new position in shares of iShares Micro-Cap ETF during the second quarter valued at $206,000.
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.
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