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Wasatch Micro Cap Fund

WMICX · NASDAQ

Market closed$9.92$-0.080000 (-0.80%)

Key statistics

Previous close$10.00
Open$9.92
Day high$9.92
Day low$9.92
52-week high$10.69
52-week low$7.63
Market cap499.07M
Volume—
Average volume—
P/E ratio1.63
Forward P/E—
EPS6.10
Dividend yield0.00%

Market context

Why it moved

WMICX experienced a modest decline likely driven by broad market selling pressure or routine net asset value adjustments, as no specific fund-related news was identified to explain the move.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Wasatch Micro Cap Fund closed modestly lower, reflecting a broader pullback in equity markets as semiconductor-led selling pressured the Nasdaq, which fell over 1% on the session. The fund's small-cap focus places it in a challenging environment where concentrated AI-driven market leadership has widened the gap between mega-cap tech winners and the broader market — with AllianceBernstein noting an unprecedented share of US stocks showing negative beta to the S&P 500. While the financial services sector saw strong Q2 earnings from major banks and BlackRock, Morningstar flagged that financial stocks lagged the broader market in Q2 amid concerns over AI disruption of financial services and cracks in private credit.

-1.0967

July 16, 2026Wasatch Micro Cap Fund closed essentially unchanged as the broader financial services sector benefited from a strong Q2 earnings season, with the iShares U.S. Financial Services ETF IYG hitting a new 52-week high and XLF trading near its own 52-week high. Big bank results—including Goldman Sachs, JPMorgan, Bank of America, and Citigroup—delivered robust double-digit profit growth driven by record trading activity and surging M&A fees, lifting sentiment across asset management. Meanwhile, softer-than-expected June CPI data and Fed Chair Warsh's reassuring comments on economic resilience provided a favorable macro backdrop for small-cap equity strategies.

-0.2991

July 15, 2026Wasatch Micro Cap Fund closed modestly lower, pressured by a mixed session in financial services even as Wall Street mega-cap asset managers delivered strong Q2 results. BlackRock topped Q2 earnings estimates with its iShares unit surpassing $6 trillion in assets, while Goldman Sachs posted record equities revenue and Morgan Stanley beat forecasts — yet broader asset management sentiment remained clouded by Morningstar's warning that AI disruption fears and private credit concerns have weighed indiscriminately on the sector. The fund's small-cap micro-cap focus leaves it more exposed to risk-off rotation dynamics, with geopolitical uncertainty around Iran and elevated rate hike probability continuing to dampen appetite for smaller, less liquid equity holdings.

-1.763

July 13, 2026Wasatch Micro Cap Fund declined nearly 2% as broader risk-off sentiment swept markets, with renewed U.S.-Iran military hostilities sending oil prices surging past $79/barrel and pressuring equity futures. Small-cap and micro-cap funds face compounded headwinds this week: Morningstar flagged financial services as the second-worst-performing sector over the past year amid AI disruption concerns, while investors brace for a packed earnings calendar and key inflation data that could reshape Fed rate expectations.

-1.9417

July 10, 2026Wasatch Micro Cap Fund closed essentially unchanged, holding steady near $10.21 as the broader financial services sector navigated a cautious market backdrop. The XLF financial sector ETF edged slightly lower in after-hours trading, reflecting tempered sentiment as investors look ahead to Q2 bank earnings season next week. Asset managers more broadly remain in focus, with peers like Affiliated Managers Group (AMG) drawing attention for strong earnings surprise history and the alternative asset management space seeing analyst interest, while the S&P 500 — trading near its 52-week high — drifted modestly higher on the session amid ongoing US-Iran geopolitical tensions that have injected volatility into broader markets this week.

0.098

July 8, 2026Wasatch Micro Cap Fund closed down roughly 3% as a broad risk-off selloff swept through equities, driven by a sharp escalation in U.S.-Iran tensions after President Trump declared the ceasefire framework "over" and new military strikes were exchanged in the Persian Gulf. Surging oil prices rekindled inflation fears, lifted Treasury yields to four-week highs, and weighed heavily on small- and micro-cap growth-oriented strategies like WMICX, while the Financial Select Sector SPDR (XLF) held relatively steady, underscoring that the fund's drawdown reflected broader market risk aversion rather than sector-specific weakness.

-3.0418

July 2, 2026Wasatch Micro Cap Fund declined modestly in after-hours trading, reflecting broader market caution as investors digested a mixed macro backdrop ahead of the June U.S. jobs report. The financial services sector saw modest pressure, with the XLF sector ETF also edging lower in extended hours, while the S&P 500 retreated from recent highs amid chip stock weakness and uncertainty over Fed rate policy. Asset management peers broadly underperformed following a mixed Q1 earnings season, with firms like Artisan Partners and Carlyle sliding post-results, as the industry continues to navigate headwinds from passive investment shifts and macro uncertainty.

-1.5903

June 29, 2026Wasatch Micro Cap Fund surged over 3% to a 52-week high, outperforming the financial sector (XLF essentially flat in after-hours) and the broader S&P 500, as a broad market relief rally took hold after the U.S. and Iran agreed to halt tit-for-tat strikes in the Strait of Hormuz. The geopolitical de-escalation lifted risk appetite broadly, with analysts noting capital rotating into more neglected corners of the market — including small- and micro-cap equities — as mega-cap tech sentiment softened following recent sharp losses in the Nasdaq.

3.2195

Seeking Alpha · June 14, 2026Wasatch International Opportunities Fund Q1 2026 CommentarySeeking Alpha · February 11, 2026Wasatch Small Cap Growth Fund Q4 2025 Commentary (WAAEX)Business Wire · February 1, 2023Wasatch Announces 17 New Employee ShareholdersBarron's · December 2, 2020A $1B Stock Fund Sees Big Returns by Investing in the Smallest Companies

Peers

S&P 500SPX · $7,457.69-1.01%DWS Equity 500 Index FundBTIEX · $164.26-1.01%James Balanced Golden Rainbow Fund Retail ClassGLRBX · $25.00-0.40%Homestead Fds, Inc. Growth FundHNASX · $18.64-1.53%Nuance Mid Cap Value FundNMVLX · $14.03-0.36%Nicholas Limited Edition FundNNLEX · $22.10-1.16%T. Rowe Price International Funds, Inc. - T. Rowe Price Latin America FundPRLAX · $23.98-0.25%Schwab Target 2025 FundSWHRX · $15.29-0.33%T. Rowe Price Target 2025TRRVX · $14.20-0.28%Wasatch Micro Cap Value FundWAMVX · $4.79-1.03%Wasatch International Opportunities Fund Instl ClWIIOX · $1.97-1.01%