iShares Micro-Cap ETF (NYSEARCA:IWC) Sees Large Volume Increase – Here’s Why

iShares Micro-Cap ETF (NYSEARCA:IWC) shares saw strong trading volume on Friday . Approximately 115,160 shares traded hands during trading, an increase of 249% from the previous session’s volume of 33,002 shares.The stock last traded at $132.21 and had previously closed at $132.05.

iShares Micro-Cap ETF Trading Down 0.3 %

The business has a 50 day moving average price of $131.12 and a 200 day moving average price of $127.30. The company has a market capitalization of $967.77 million, a P/E ratio of 10.47 and a beta of 1.21.

Institutional Investors Weigh In On iShares Micro-Cap ETF

Several hedge funds have recently bought and sold shares of the company. Comerica Bank grew its stake in iShares Micro-Cap ETF by 38.7% in the fourth quarter. Comerica Bank now owns 573 shares of the exchange traded fund’s stock valued at $75,000 after acquiring an additional 160 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of iShares Micro-Cap ETF in the 4th quarter valued at approximately $272,000. Stifel Financial Corp grew its position in shares of iShares Micro-Cap ETF by 21.0% in the 4th quarter. Stifel Financial Corp now owns 25,807 shares of the exchange traded fund’s stock valued at $3,367,000 after purchasing an additional 4,472 shares during the period. Forum Financial Management LP bought a new stake in iShares Micro-Cap ETF during the 4th quarter worth approximately $207,000. Finally, NewEdge Advisors LLC raised its holdings in iShares Micro-Cap ETF by 9,555.0% during the 4th quarter. NewEdge Advisors LLC now owns 5,793 shares of the exchange traded fund’s stock worth $755,000 after buying an additional 5,733 shares during the period.

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.