For investors looking for momentum, iShares Micro-Cap ETF (IWC - Free Report) is probably a suitable pick. The fund just hit a 52-week high and is up 87.5% from its 52-week low price of $55.02/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
IWC in Focus
The fund seeks to track the investment results of an index composed of micro-capitalization U.S. equities. IWC has AUM of $803.8 million and charges 60 basis points in annual fees.
Why the Move?
The chances of a divided Congress in the United States seem more likely, where Republicans can continue to control the Senate and Democrats, the House. Thus, as a result of this political gridlock, major and stringent changes in the corporate tax policies will be very difficult to implement in the medium-term. Thus, easing worries regarding major policy changes are making the investing environment more friendly for small-cap stocks. Also, the positive news regarding the coronavirus vaccine and treatment have been instilling optimism in the market participants. Small caps have also been performing well, led by increasing hopes of a second round of fiscal stimulus post-election, rising virus cases globally and an uptick in small-business optimism index. In the current scenario, funds like IWC appear an attractive investment option.
More Gains Ahead?
It seems like the fund will remain strong, as it has a positive weighted alpha of 20.80, which gives cues of further rally.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For investors looking for momentum, iShares Micro-Cap ETF (IWC - Free Report) is probably a suitable pick. The fund just hit a 52-week high and is up 87.5% from its 52-week low price of $55.02/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
IWC in Focus
The fund seeks to track the investment results of an index composed of micro-capitalization U.S. equities. IWC has AUM of $803.8 million and charges 60 basis points in annual fees.
Why the Move?
The chances of a divided Congress in the United States seem more likely, where Republicans can continue to control the Senate and Democrats, the House. Thus, as a result of this political gridlock, major and stringent changes in the corporate tax policies will be very difficult to implement in the medium-term. Thus, easing worries regarding major policy changes are making the investing environment more friendly for small-cap stocks. Also, the positive news regarding the coronavirus vaccine and treatment have been instilling optimism in the market participants. Small caps have also been performing well, led by increasing hopes of a second round of fiscal stimulus post-election, rising virus cases globally and an uptick in small-business optimism index. In the current scenario, funds like IWC appear an attractive investment option.
More Gains Ahead?
It seems like the fund will remain strong, as it has a positive weighted alpha of 20.80, which gives cues of further rally.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on IWC - FREE