Merit Financial Group LLC Sells 2,229,940 Shares of iShares MSCI ACWI ex U.S. ETF $ACWX

Merit Financial Group LLC trimmed its holdings in shares of iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) by 85.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,609 shares of the company’s stock after selling 2,229,940 shares during the period. Merit Financial Group LLC’s holdings in iShares MSCI ACWI ex U.S. ETF were worth $24,808,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in shares of iShares MSCI ACWI ex U.S. ETF by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,459,669 shares of the company’s stock valued at $88,939,000 after acquiring an additional 390,483 shares during the period. Focus Partners Wealth lifted its stake in iShares MSCI ACWI ex U.S. ETF by 4,711.1% in the first quarter. Focus Partners Wealth now owns 1,421,254 shares of the company’s stock valued at $78,809,000 after purchasing an additional 1,391,713 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in iShares MSCI ACWI ex U.S. ETF by 1.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,222,535 shares of the company’s stock valued at $67,790,000 after purchasing an additional 23,283 shares during the period. Jane Street Group LLC increased its position in iShares MSCI ACWI ex U.S. ETF by 27.6% in the first quarter. Jane Street Group LLC now owns 1,198,953 shares of the company’s stock worth $66,482,000 after buying an additional 259,317 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of iShares MSCI ACWI ex U.S. ETF by 12.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,177,709 shares of the company’s stock valued at $71,770,000 after buying an additional 131,071 shares during the period.

iShares MSCI ACWI ex U.S. ETF Stock Performance

ACWX stock opened at $67.43 on Wednesday. The stock has a fifty day moving average of $66.43 and a 200-day moving average of $64.02. iShares MSCI ACWI ex U.S. ETF has a fifty-two week low of $48.99 and a fifty-two week high of $67.74. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 16.03 and a beta of 0.79.

iShares MSCI ACWI ex U.S. ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $1.0488 dividend. The ex-dividend date was Tuesday, December 16th. This represents a dividend yield of 318.0%.

About iShares MSCI ACWI ex U.S. ETF

The iShares MSCI ACWI ex U.S. ETF (ACWX) is an exchange-traded fund that is based on the MSCI AC World ex USA index. The fund tracks the performance of a market-cap-weighted index of international stocks. It captures 85% of the publicly available market, thus excluding small-caps. ACWX was launched on Mar 26, 2008 and is managed by BlackRock.