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

iShares Micro-Cap ETF (NYSEARCA:IWC)’s share price hit a new 52-week low on Thursday . The company traded as low as $104.72 and last traded at $104.89, with a volume of 22281 shares changing hands. The stock had previously closed at $112.44.

iShares Micro-Cap ETF Stock Performance

The firm’s 50-day simple moving average is $122.98 and its 200-day simple moving average is $127.12. The company has a market capitalization of $757.51 million, a price-to-earnings ratio of 13.64 and a beta of 1.17.

Hedge Funds Weigh In On iShares Micro-Cap ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI boosted its position in shares of iShares Micro-Cap ETF by 18.3% during the 4th quarter. National Bank of Canada FI now owns 575 shares of the exchange traded fund’s stock valued at $75,000 after acquiring an additional 89 shares in the last quarter. Tucker Asset Management LLC boosted its holdings in iShares Micro-Cap ETF by 8.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,316 shares of the exchange traded fund’s stock valued at $172,000 after purchasing an additional 108 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of iShares Micro-Cap ETF by 0.6% in the 4th quarter. HighTower Advisors LLC now owns 19,176 shares of the exchange traded fund’s stock valued at $2,500,000 after purchasing an additional 116 shares during the period. Comerica Bank grew its stake in shares of iShares Micro-Cap ETF by 38.7% in the 4th quarter. Comerica Bank now owns 573 shares of the exchange traded fund’s stock valued at $75,000 after purchasing an additional 160 shares during the period. Finally, Parkworth Wealth Management Inc. acquired a new position in shares of iShares Micro-Cap ETF in the 4th quarter worth approximately $25,000.

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.