iShares Micro-Cap ETF (NYSEARCA:IWC) Sees Unusually-High Trading Volume – Should You Buy?

iShares Micro-Cap ETF (NYSEARCA:IWC) saw unusually-high trading volume on Thursday . Approximately 65,396 shares traded hands during mid-day trading, an increase of 72% from the previous session’s volume of 37,911 shares.The stock last traded at $131.43 and had previously closed at $130.38.

iShares Micro-Cap ETF Price Performance

The business has a 50 day simple moving average of $132.75 and a 200 day simple moving average of $124.84. The company has a market capitalization of $980.93 million, a price-to-earnings ratio of 10.47 and a beta of 1.21.

Hedge Funds Weigh In On iShares Micro-Cap ETF

Several hedge funds have recently bought and sold shares of the company. 1832 Asset Management L.P. increased its stake in iShares Micro-Cap ETF by 3.8% during the second quarter. 1832 Asset Management L.P. now owns 557,004 shares of the exchange traded fund’s stock worth $63,498,000 after purchasing an additional 20,426 shares during the period. Capstone Investment Advisors LLC purchased a new stake in iShares Micro-Cap ETF during the 3rd quarter worth approximately $987,000. Sound Income Strategies LLC lifted its holdings in iShares Micro-Cap ETF by 7,798.8% during the 3rd quarter. Sound Income Strategies LLC now owns 6,635 shares of the exchange traded fund’s stock worth $818,000 after buying an additional 6,551 shares in the last quarter. Stifel Financial Corp boosted its position in iShares Micro-Cap ETF by 41.1% in the 3rd quarter. Stifel Financial Corp now owns 21,335 shares of the exchange traded fund’s stock valued at $2,632,000 after buying an additional 6,217 shares during the period. Finally, Frank Rimerman Advisors LLC grew its stake in shares of iShares Micro-Cap ETF by 11.9% in the third quarter. Frank Rimerman Advisors LLC now owns 55,064 shares of the exchange traded fund’s stock worth $6,790,000 after acquiring an additional 5,875 shares in the last quarter.

iShares Micro-Cap ETF Company Profile

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.