HighTower Advisors LLC Reduces Position in iShares Micro-Cap ETF $IWC

HighTower Advisors LLC decreased its stake in shares of iShares Micro-Cap ETF (NYSEARCA:IWC) by 20.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,905 shares of the exchange traded fund’s stock after selling 3,387 shares during the period. HighTower Advisors LLC’s holdings in iShares Micro-Cap ETF were worth $2,035,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Raymond James Financial Inc. increased its position in iShares Micro-Cap ETF by 1.7% during the third quarter. Raymond James Financial Inc. now owns 5,795 shares of the exchange traded fund’s stock worth $864,000 after buying an additional 96 shares in the last quarter. Institute for Wealth Management LLC. increased its position in iShares Micro-Cap ETF by 0.5% during the fourth quarter. Institute for Wealth Management LLC. now owns 20,082 shares of the exchange traded fund’s stock worth $3,167,000 after buying an additional 107 shares in the last quarter. Kendall Capital Management increased its position in iShares Micro-Cap ETF by 0.7% during the fourth quarter. Kendall Capital Management now owns 17,195 shares of the exchange traded fund’s stock worth $2,712,000 after buying an additional 121 shares in the last quarter. Comerica Bank boosted its holdings in shares of iShares Micro-Cap ETF by 41.4% during the fourth quarter. Comerica Bank now owns 512 shares of the exchange traded fund’s stock worth $81,000 after purchasing an additional 150 shares during the last quarter. Finally, Signaturefd LLC acquired a new stake in shares of iShares Micro-Cap ETF during the fourth quarter worth $27,000.

iShares Micro-Cap ETF Stock Up 0.2%

IWC stock opened at $191.51 on Tuesday. iShares Micro-Cap ETF has a 52-week low of $118.01 and a 52-week high of $193.24. The stock’s fifty day simple moving average is $176.11 and its 200-day simple moving average is $167.62. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 15.35 and a beta of 1.09.

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.