iShares MSCI ACWI ETF (NASDAQ:ACWI) Reaches New 52-Week High – Should You Buy?

iShares MSCI ACWI ETF (NASDAQ:ACWI)’s share price reached a new 52-week high on Monday . The company traded as high as $143.40 and last traded at $143.57, with a volume of 813421 shares changing hands. The stock had previously closed at $142.49.

iShares MSCI ACWI ETF Stock Performance

The firm has a market cap of $25.63 billion, a price-to-earnings ratio of 20.91 and a beta of 0.93. The firm’s 50 day moving average is $141.00 and its 200-day moving average is $136.36.

iShares MSCI ACWI ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a $1.2353 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a dividend yield of 176.0%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Cherrydale Wealth Management LLC grew its stake in iShares MSCI ACWI ETF by 0.8% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 10,555 shares of the company’s stock valued at $1,357,000 after buying an additional 80 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in iShares MSCI ACWI ETF by 3.7% during the third quarter. Koshinski Asset Management Inc. now owns 2,260 shares of the company’s stock valued at $312,000 after acquiring an additional 80 shares during the period. Sowell Financial Services LLC grew its position in shares of iShares MSCI ACWI ETF by 1.9% in the third quarter. Sowell Financial Services LLC now owns 4,700 shares of the company’s stock valued at $650,000 after purchasing an additional 86 shares during the last quarter. Strategic Blueprint LLC increased its stake in shares of iShares MSCI ACWI ETF by 0.5% in the third quarter. Strategic Blueprint LLC now owns 16,693 shares of the company’s stock worth $2,308,000 after purchasing an additional 86 shares during the period. Finally, Americana Partners LLC increased its stake in shares of iShares MSCI ACWI ETF by 2.1% in the third quarter. Americana Partners LLC now owns 4,264 shares of the company’s stock worth $589,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 61.52% of the company’s stock.

About iShares MSCI ACWI ETF

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.