Parsons Capital Management Inc. RI Takes Position in iShares MSCI ACWI ETF $ACWI

Parsons Capital Management Inc. RI acquired a new position in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,845 shares of the company’s stock, valued at approximately $827,000.

Other hedge funds have also modified their holdings of the company. Mawer Investment Management Ltd. purchased a new stake in iShares MSCI ACWI ETF during the third quarter valued at about $5,644,000. Permanent Capital Management LP purchased a new position in shares of iShares MSCI ACWI ETF in the third quarter worth approximately $7,584,000. Drake & Associates LLC increased its position in shares of iShares MSCI ACWI ETF by 11.5% in the third quarter. Drake & Associates LLC now owns 204,224 shares of the company’s stock worth $28,706,000 after acquiring an additional 20,997 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of iShares MSCI ACWI ETF by 11.9% during the third quarter. Commonwealth Equity Services LLC now owns 61,579 shares of the company’s stock valued at $8,513,000 after acquiring an additional 6,538 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of iShares MSCI ACWI ETF by 73.1% during the third quarter. Assetmark Inc. now owns 788,333 shares of the company’s stock valued at $108,979,000 after acquiring an additional 332,908 shares during the period. 61.52% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI ACWI ETF Stock Performance

Shares of NASDAQ:ACWI opened at $134.55 on Friday. The firm has a 50 day simple moving average of $143.98 and a 200 day simple moving average of $141.57. iShares MSCI ACWI ETF has a 52 week low of $101.25 and a 52 week high of $148.75. The company has a market cap of $24.89 billion, a PE ratio of 20.91 and a beta of 0.93.

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.