Madrona Financial Services LLC lowered its stake in iShares Micro-Cap ETF (NYSEARCA:IWC) by 8.6% during the first quarter, Holdings Channel reports. The institutional investor owned 6,911 shares of the exchange traded fund’s stock after selling 654 shares during the quarter. iShares Micro-Cap ETF comprises about 0.7% of Madrona Financial Services LLC’s investment portfolio, making the stock its 22nd biggest position. Madrona Financial Services LLC’s holdings in iShares Micro-Cap ETF were worth $641,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Arkansas Financial Group Inc. purchased a new stake in iShares Micro-Cap ETF during the fourth quarter worth about $1,893,000. Brand Asset Management Group Inc. increased its stake in shares of iShares Micro-Cap ETF by 47.2% during the fourth quarter. Brand Asset Management Group Inc. now owns 4,590 shares of the exchange traded fund’s stock worth $378,000 after buying an additional 1,472 shares during the period. MD Financial Management Inc. increased its stake in shares of iShares Micro-Cap ETF by 15.6% during the fourth quarter. MD Financial Management Inc. now owns 964,902 shares of the exchange traded fund’s stock worth $79,556,000 after buying an additional 130,289 shares during the period. First Midwest Bank Trust Division purchased a new stake in shares of iShares Micro-Cap ETF during the fourth quarter worth approximately $206,000. Finally, Parkside Advisors LLC increased its stake in shares of iShares Micro-Cap ETF by 1.5% during the first quarter. Parkside Advisors LLC now owns 36,820 shares of the exchange traded fund’s stock worth $3,415,000 after buying an additional 561 shares during the period.

Shares of IWC stock traded down $0.40 during trading hours on Thursday, reaching $93.03. 20,441 shares of the stock were exchanged, compared to its average volume of 65,364. iShares Micro-Cap ETF has a 12-month low of $77.64 and a 12-month high of $110.15.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 21st were paid a dividend of $0.2399 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.03%. This is a positive change from iShares Micro-Cap ETF’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, March 20th.

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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.

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Want to see what other hedge funds are holding IWC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Micro-Cap ETF (NYSEARCA:IWC).

Institutional Ownership by Quarter for iShares Micro-Cap ETF (NYSEARCA:IWC)

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