TABR Capital Management LLC has made a significant investment in the iShares Micro-Cap ETF (NYSEARCA:IWC), acquiring 128,448 shares valued at approximately $19.2 million. This move was disclosed in the firm’s recent filing with the Securities and Exchange Commission (SEC) and represents around 13.2% of TABR’s total holdings, making it the firm’s fourth largest position.
Several other institutional investors and hedge funds have also adjusted their stakes in the iShares Micro-Cap ETF during the third quarter. Notably, Farther Finance Advisors LLC increased its ownership by 151%, bringing its total to 2,633 shares worth $393,000 after acquiring an additional 1,584 shares. Evanson Asset Management LLC raised its position by 1.1%, now holding 13,697 shares valued at $2.04 million. Additionally, Focus Financial Network Inc. and Acropolis Investment Management LLC entered new positions valued at $1.1 million and $671,000, respectively. City Center Advisors LLC also acquired a new stake valued at approximately $246,000 during the same period.
Current Market Performance of iShares Micro-Cap ETF
As of the latest trading session, the iShares Micro-Cap ETF has seen a slight decline of 0.8%, with its stock opening at $161.51. The ETF boasts a market capitalization of $1.07 billion and has a price-to-earnings (P/E) ratio of 15.35. Its beta stands at 1.11, indicating a moderate level of volatility compared to the broader market. Over the past year, the ETF has experienced a low of $95.25 and a high of $166.98.
The iShares Micro-Cap ETF, previously known as the iShares Russell Microcap Index Fund, aims to replicate the performance of the Russell Microcap Index. This index measures the microcap sector within the U.S. equity market, including securities from companies with market capitalizations ranging from approximately $50 million to $550 million, although these thresholds may adjust over time.
For those interested in tracking the latest movements of the iShares Micro-Cap ETF and its institutional investors, resources like HoldingsChannel.com provide updates on recent 13F filings and insider trades related to the ETF.
In summary, TABR Capital Management’s substantial investment highlights growing institutional interest in microcap equities, a segment often viewed as offering higher growth potential despite increased risk. As the market continues to evolve, the movements of such funds may provide insight into broader investment trends.
