Shum Financial Group Inc. Makes New $529,000 Investment in iShares MSCI ACWI ETF $ACWI

Shum Financial Group Inc. purchased a new stake in iShares MSCI ACWI ETF (NASDAQ:ACWI) during the third quarter, Holdings Channel reports. The fund purchased 3,825 shares of the company’s stock, valued at approximately $529,000.

A number of other hedge funds also recently added to or reduced their stakes in ACWI. Qalhat Capital Ltd lifted its stake in iShares MSCI ACWI ETF by 46.4% during the second quarter. Qalhat Capital Ltd now owns 3,588,206 shares of the company’s stock worth $461,443,000 after purchasing an additional 1,137,134 shares during the last quarter. Phoenix Financial Ltd. raised its holdings in iShares MSCI ACWI ETF by 73,377.9% during the second quarter. Phoenix Financial Ltd. now owns 2,292,511 shares of the company’s stock worth $294,817,000 after purchasing an additional 2,289,391 shares in the last quarter. P E Global LLC lifted its position in shares of iShares MSCI ACWI ETF by 0.6% during the 2nd quarter. P E Global LLC now owns 2,215,307 shares of the company’s stock worth $284,888,000 after buying an additional 13,989 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of iShares MSCI ACWI ETF by 7.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,359,545 shares of the company’s stock worth $174,837,000 after buying an additional 98,146 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of iShares MSCI ACWI ETF by 17.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,325,997 shares of the company’s stock valued at $170,523,000 after buying an additional 201,224 shares in the last quarter. 61.52% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI ACWI ETF Stock Performance

iShares MSCI ACWI ETF stock opened at $142.39 on Wednesday. The company has a market capitalization of $23.84 billion, a P/E ratio of 20.91 and a beta of 0.93. iShares MSCI ACWI ETF has a fifty-two week low of $101.25 and a fifty-two week high of $143.24. The stock has a 50-day simple moving average of $140.82 and a 200-day simple moving average of $135.72.

iShares MSCI ACWI ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a $1.2353 dividend. This represents a dividend yield of 176.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

iShares MSCI ACWI ETF Profile

The iShares MSCI ACWI ETF (ACWI) is an exchange-traded fund that is based on the MSCI AC World index. The fund tracks a market cap-weighted index of large- and mid-cap global stocks, covering 85% of the developed and emerging markets capitalization. ACWI was launched on Mar 26, 2008 and is managed by BlackRock.