Frank Rimerman Advisors LLC Grows Stake in iShares Micro-Cap ETF (NYSEARCA:IWC)

Frank Rimerman Advisors LLC raised its stake in iShares Micro-Cap ETF (NYSEARCA:IWC) by 3.0% during the fourth quarter, Holdings Channel reports. The fund owned 56,716 shares of the exchange traded fund’s stock after buying an additional 1,652 shares during the period. iShares Micro-Cap ETF makes up approximately 0.5% of Frank Rimerman Advisors LLC’s portfolio, making the stock its 24th largest position. Frank Rimerman Advisors LLC’s holdings in iShares Micro-Cap ETF were worth $7,395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IWC. TABR Capital Management LLC purchased a new position in iShares Micro-Cap ETF in the fourth quarter valued at about $11,593,000. Finley Financial LLC bought a new stake in shares of iShares Micro-Cap ETF in the fourth quarter valued at approximately $4,412,000. Heck Capital Advisors LLC bought a new stake in shares of iShares Micro-Cap ETF in the fourth quarter valued at approximately $3,745,000. Archer Investment Management LLC bought a new stake in shares of iShares Micro-Cap ETF in the fourth quarter valued at approximately $1,651,000. Finally, Kelly Financial Group LLC bought a new stake in shares of iShares Micro-Cap ETF in the fourth quarter valued at approximately $1,478,000.

iShares Micro-Cap ETF Stock Up 2.7 %

NYSEARCA IWC opened at $115.94 on Friday. The company’s 50 day moving average is $126.95 and its 200-day moving average is $127.65. iShares Micro-Cap ETF has a 12-month low of $108.90 and a 12-month high of $139.98. The firm has a market cap of $828.97 million, a P/E ratio of 13.73 and a beta of 1.17.

iShares Micro-Cap ETF 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.