iShares Micro-Cap ETF (NYSEARCA:IWC) Reaches New 1-Year High – Here’s Why

iShares Micro-Cap ETF (NYSEARCA:IWC) reached a new 52-week high on Monday . The company traded as high as $193.84 and last traded at $193.15, with a volume of 4240 shares. The stock had previously closed at $189.28.

iShares Micro-Cap ETF Trading Up 1.2%

The stock has a market cap of $1.46 billion, a PE ratio of 15.35 and a beta of 1.10. The business has a 50-day moving average price of $181.02 and a 200-day moving average price of $170.04.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its position in shares of iShares Micro-Cap ETF by 523.9% during the 1st quarter. NewEdge Advisors LLC now owns 12,703 shares of the exchange traded fund’s stock valued at $2,028,000 after buying an additional 10,667 shares in the last quarter. Mullaney Keating & Wright Inc. lifted its position in shares of iShares Micro-Cap ETF by 42.7% during the 1st quarter. Mullaney Keating & Wright Inc. now owns 2,706 shares of the exchange traded fund’s stock valued at $432,000 after buying an additional 810 shares in the last quarter. Bank of America Corp DE lifted its position in shares of iShares Micro-Cap ETF by 10.5% during the 1st quarter. Bank of America Corp DE now owns 235,188 shares of the exchange traded fund’s stock valued at $37,538,000 after buying an additional 22,376 shares in the last quarter. Genesis Financial Group LLC lifted its position in shares of iShares Micro-Cap ETF by 158.3% during the 1st quarter. Genesis Financial Group LLC now owns 11,300 shares of the exchange traded fund’s stock valued at $1,804,000 after buying an additional 6,925 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in shares of iShares Micro-Cap ETF during the 1st quarter valued at approximately $213,000.

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.