iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) Hits New 52-Week High – What’s Next?

iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $66.50 and last traded at $66.37, with a volume of 758014 shares changing hands. The stock had previously closed at $66.17.

iShares MSCI ACWI ex U.S. ETF Price Performance

The business has a 50 day simple moving average of $63.30 and a 200 day simple moving average of $60.02. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 16.03 and a beta of 0.82.

Hedge Funds Weigh In On iShares MSCI ACWI ex U.S. ETF

Several hedge funds have recently bought and sold shares of ACWX. Merit Financial Group LLC grew its position in iShares MSCI ACWI ex U.S. ETF by 52.5% in the 2nd quarter. Merit Financial Group LLC now owns 2,611,549 shares of the company’s stock valued at $159,148,000 after acquiring an additional 898,849 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares MSCI ACWI ex U.S. ETF by 36.5% during the second quarter. Ameriprise Financial Inc. now owns 1,459,669 shares of the company’s stock worth $88,939,000 after purchasing an additional 390,483 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of 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 period. Goldman Sachs Group Inc. boosted its stake in shares of iShares MSCI ACWI ex U.S. ETF by 1.9% in 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. Finally, Jane Street Group LLC grew its holdings in shares of 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 valued at $66,482,000 after purchasing an additional 259,317 shares in the last quarter.

iShares MSCI ACWI ex U.S. ETF Company Profile

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.