iShares MSCI ACWI ETF (NASDAQ:ACWI) Sets New 52-Week High – Still a Buy?

iShares MSCI ACWI ETF (NASDAQ:ACWI)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $151.47 and last traded at $150.17, with a volume of 1874169 shares trading hands. The stock had previously closed at $148.74.

iShares MSCI ACWI ETF Stock Performance

The firm has a market cap of $31.12 billion, a PE ratio of 20.91 and a beta of 0.92. The stock’s 50 day simple moving average is $143.58 and its 200 day simple moving average is $142.52.

Hedge Funds Weigh In On iShares MSCI ACWI ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its stake in iShares MSCI ACWI ETF by 20.5% in the 4th quarter. Morgan Stanley now owns 8,437,430 shares of the company’s stock worth $1,193,812,000 after buying an additional 1,438,226 shares in the last quarter. Mass General Brigham Inc bought a new position in shares of iShares MSCI ACWI ETF during the 4th quarter valued at about $652,828,000. Qalhat Capital Ltd increased its position in shares of iShares MSCI ACWI ETF by 46.4% during the 2nd quarter. Qalhat Capital Ltd now owns 3,588,206 shares of the company’s stock valued at $461,443,000 after purchasing an additional 1,137,134 shares during the last quarter. Phoenix Financial Ltd. increased its position in shares of iShares MSCI ACWI ETF by 41.7% during the 3rd quarter. Phoenix Financial Ltd. now owns 3,247,975 shares of the company’s stock valued at $449,120,000 after purchasing an additional 955,464 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of iShares MSCI ACWI ETF by 270.0% during the 4th quarter. BNP Paribas Financial Markets now owns 2,620,110 shares of the company’s stock valued at $370,719,000 after purchasing an additional 1,911,879 shares during the last quarter. 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.