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

iShares Micro-Cap ETF (NYSEARCA:IWC) saw unusually-strong trading volume on Tuesday . Approximately 140,333 shares were traded during trading, an increase of 257% from the previous session’s volume of 39,267 shares.The stock last traded at $115.38 and had previously closed at $116.61.

iShares Micro-Cap ETF Trading Up 1.4 %

The stock has a market cap of $838.48 million, a PE ratio of 13.73 and a beta of 1.17. The company’s 50 day moving average is $125.73 and its 200-day moving average is $127.48.

Institutional Investors Weigh In On iShares Micro-Cap ETF

Several hedge funds and other institutional investors have recently modified their holdings of IWC. Smithfield Trust Co boosted its holdings in shares of iShares Micro-Cap ETF by 112.6% in the 3rd quarter. Smithfield Trust Co now owns 2,077 shares of the exchange traded fund’s stock valued at $256,000 after buying an additional 1,100 shares during the period. Nwam LLC acquired a new position in shares of iShares Micro-Cap ETF in the 3rd quarter valued at about $282,000. Brown Brothers Harriman & Co. acquired a new position in shares of iShares Micro-Cap ETF in the 3rd quarter valued at about $323,000. Capstone Investment Advisors LLC acquired a new position in shares of iShares Micro-Cap ETF in the 3rd quarter valued at about $987,000. Finally, HighTower Advisors LLC boosted its holdings in shares of iShares Micro-Cap ETF by 33.8% in the 3rd quarter. HighTower Advisors LLC now owns 19,060 shares of the exchange traded fund’s stock valued at $2,341,000 after buying an additional 4,812 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.