iShares MSCI ACWI ETF (NASDAQ:ACWI) Hits New 1-Year High – Here’s Why

iShares MSCI ACWI ETF (NASDAQ:ACWI)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $155.83 and last traded at $155.53, with a volume of 2474861 shares. The stock had previously closed at $155.38.

iShares MSCI ACWI ETF Trading Up 0.8%

The firm has a market cap of $32.24 billion, a PE ratio of 20.91 and a beta of 0.92. The company’s 50-day moving average is $145.02 and its 200 day moving average is $143.76.

Institutional Investors Weigh In On iShares MSCI ACWI ETF

Several hedge funds have recently made changes to their positions in ACWI. Quent Capital LLC acquired a new position in iShares MSCI ACWI ETF during the third quarter valued at $25,000. Triumph Capital Management acquired a new position in iShares MSCI ACWI ETF during the third quarter valued at $27,000. Godfrey Financial Associates Inc. acquired a new position in iShares MSCI ACWI ETF during the fourth quarter valued at $27,000. Smith & Howard Wealth Management LLC acquired a new position in iShares MSCI ACWI ETF during the fourth quarter valued at $31,000. Finally, Root Financial Partners LLC raised its position in iShares MSCI ACWI ETF by 7,100.0% during the fourth quarter. Root Financial Partners LLC now owns 216 shares of the company’s stock valued at $31,000 after buying an additional 213 shares during the period. Hedge funds and other institutional investors 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.