Archer Investment Management LLC Invests $1.65 Million in iShares Micro-Cap ETF (NYSEARCA:IWC)

Archer Investment Management LLC bought a new position in shares of iShares Micro-Cap ETF (NYSEARCA:IWC) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 12,661 shares of the exchange traded fund’s stock, valued at approximately $1,651,000. iShares Micro-Cap ETF accounts for approximately 1.0% of Archer Investment Management LLC’s holdings, making the stock its 22nd biggest holding. Archer Investment Management LLC owned about 0.17% of iShares Micro-Cap ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of IWC. AQR Capital Management LLC bought a new stake in iShares Micro-Cap ETF in the 2nd quarter valued at approximately $361,000. Private Advisory Group LLC lifted its stake in iShares Micro-Cap ETF by 22.1% in the 3rd quarter. Private Advisory Group LLC now owns 19,553 shares of the exchange traded fund’s stock valued at $2,411,000 after acquiring an additional 3,541 shares in the last quarter. Davies Financial Advisors Inc. bought a new stake in iShares Micro-Cap ETF in the 3rd quarter valued at approximately $597,000. Sound Income Strategies LLC raised its stake in shares of 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 purchasing an additional 6,551 shares in the last quarter. Finally, Wesbanco Bank Inc. bought a new stake in shares of iShares Micro-Cap ETF during the 3rd quarter worth approximately $226,000.

iShares Micro-Cap ETF Stock Down 1.4 %

Shares of iShares Micro-Cap ETF stock opened at $128.14 on Tuesday. iShares Micro-Cap ETF has a 12-month low of $108.90 and a 12-month high of $139.98. The stock has a market cap of $941.83 million, a P/E ratio of 10.47 and a beta of 1.21. The business’s 50 day moving average is $132.20 and its 200-day moving average is $127.00.

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.