iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) Sees Unusually-High Trading Volume – Still a Buy?

iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) shares saw unusually-high trading volume on Wednesday . Approximately 8,907,140 shares traded hands during mid-day trading, an increase of 186% from the previous session’s volume of 3,111,770 shares.The stock last traded at $69.30 and had previously closed at $68.47.

iShares MSCI ACWI ex U.S. ETF Price Performance

The firm has a market capitalization of $8.54 billion, a P/E ratio of 16.03 and a beta of 0.79. The stock’s 50 day moving average is $70.91 and its two-hundred day moving average is $68.06.

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

Several institutional investors have recently modified their holdings of ACWX. Simplex Trading LLC acquired a new stake in shares of iShares MSCI ACWI ex U.S. ETF in the 4th quarter valued at about $28,000. International Assets Investment Management LLC bought a new position in shares of iShares MSCI ACWI ex U.S. ETF during the fourth quarter worth about $29,000. Rossmore Private Capital acquired a new stake in iShares MSCI ACWI ex U.S. ETF in the 3rd quarter valued at approximately $33,000. Caitlin John LLC acquired a new stake in iShares MSCI ACWI ex U.S. ETF in the 3rd quarter valued at approximately $33,000. Finally, Strategic Advocates LLC lifted its stake in iShares MSCI ACWI ex U.S. ETF by 93.6% in the 4th quarter. Strategic Advocates LLC now owns 697 shares of the company’s stock valued at $47,000 after acquiring an additional 337 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.