iShares MSCI ACWI ETF (NASDAQ:ACWI) Reaches New 1-Year High – Should You Buy?

iShares MSCI ACWI ETF (NASDAQ:ACWI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $152.60 and last traded at $152.35, with a volume of 4058888 shares. The stock had previously closed at $150.70.

iShares MSCI ACWI ETF Price Performance

The firm’s fifty day moving average price is $144.09 and its 200-day moving average price is $143.09. The company has a market capitalization of $31.51 billion, a price-to-earnings ratio of 20.91 and a beta of 0.92.

Institutional Trading of iShares MSCI ACWI ETF

A number of institutional investors and hedge funds have recently bought and sold shares of ACWI. NewEdge Advisors LLC increased its holdings in iShares MSCI ACWI ETF by 16.9% in the first quarter. NewEdge Advisors LLC now owns 10,952 shares of the company’s stock valued at $1,275,000 after purchasing an additional 1,585 shares during the period. Jones Financial Companies Lllp increased its holdings in iShares MSCI ACWI ETF by 101.0% in the first quarter. Jones Financial Companies Lllp now owns 4,707 shares of the company’s stock valued at $548,000 after purchasing an additional 2,365 shares during the period. Russell Investments Group Ltd. acquired a new stake in iShares MSCI ACWI ETF in the second quarter valued at $270,000. First Trust Advisors LP increased its holdings in iShares MSCI ACWI ETF by 66.1% in the second quarter. First Trust Advisors LP now owns 5,339 shares of the company’s stock valued at $687,000 after purchasing an additional 2,125 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in iShares MSCI ACWI ETF by 333.3% in the second quarter. Quantinno Capital Management LP now owns 50,142 shares of the company’s stock valued at $6,448,000 after purchasing an additional 38,569 shares during the period. 61.52% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI ACWI ETF Company 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.