iShares MSCI ACWI ETF (NASDAQ:ACWI) Sets New 52-Week High – What’s Next?

iShares MSCI ACWI ETF (NASDAQ:ACWI)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $148.77 and last traded at $148.75, with a volume of 1816137 shares. The stock had previously closed at $148.11.

iShares MSCI ACWI ETF Trading Up 1.3%

The firm’s 50 day simple moving average is $143.28 and its two-hundred day simple moving average is $142.14. The firm has a market cap of $30.99 billion, a price-to-earnings ratio of 20.91 and a beta of 0.92.

Hedge Funds Weigh In On iShares MSCI ACWI ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mawer Investment Management Ltd. acquired a new position in shares of iShares MSCI ACWI ETF in the 3rd quarter valued at approximately $5,644,000. Permanent Capital Management LP acquired a new position in iShares MSCI ACWI ETF during the 3rd quarter worth approximately $7,584,000. Drake & Associates LLC increased its position in iShares MSCI ACWI ETF by 11.5% during the 3rd quarter. Drake & Associates LLC now owns 204,224 shares of the company’s stock worth $28,706,000 after purchasing an additional 20,997 shares in the last quarter. Commonwealth Equity Services LLC increased its position in iShares MSCI ACWI ETF by 11.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 61,579 shares of the company’s stock worth $8,513,000 after purchasing an additional 6,538 shares in the last quarter. Finally, Assetmark Inc. increased its position in iShares MSCI ACWI ETF by 73.1% during the 3rd quarter. Assetmark Inc. now owns 788,333 shares of the company’s stock worth $108,979,000 after purchasing an additional 332,908 shares in the last quarter. 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.