NewEdge Wealth LLC Acquires 45,423 Shares of iShares MSCI ACWI ex U.S. ETF $ACWX

NewEdge Wealth LLC grew its holdings in shares of iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) by 180.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 70,621 shares of the company’s stock after buying an additional 45,423 shares during the period. NewEdge Wealth LLC’s holdings in iShares MSCI ACWI ex U.S. ETF were worth $4,741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACWX. First Horizon Corp bought a new position in shares of iShares MSCI ACWI ex U.S. ETF in the third quarter valued at approximately $1,438,000. GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in shares of iShares MSCI ACWI ex U.S. ETF in the third quarter valued at approximately $533,000. Envestnet Portfolio Solutions Inc. boosted its position in shares of iShares MSCI ACWI ex U.S. ETF by 13.4% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 103,714 shares of the company’s stock valued at $6,742,000 after acquiring an additional 12,258 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of iShares MSCI ACWI ex U.S. ETF by 12.6% in the third quarter. Commonwealth Equity Services LLC now owns 118,473 shares of the company’s stock valued at $7,702,000 after acquiring an additional 13,220 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of iShares MSCI ACWI ex U.S. ETF by 1.8% in the third quarter. Captrust Financial Advisors now owns 893,012 shares of the company’s stock valued at $58,055,000 after acquiring an additional 15,647 shares during the period.

iShares MSCI ACWI ex U.S. ETF Price Performance

Shares of ACWX opened at $75.69 on Tuesday. The firm’s 50 day simple moving average is $71.11 and its 200 day simple moving average is $69.48. The company has a market capitalization of $11.44 billion, a P/E ratio of 16.03 and a beta of 0.77. iShares MSCI ACWI ex U.S. ETF has a 1-year low of $58.12 and a 1-year high of $76.08.

About iShares MSCI ACWI ex U.S. ETF

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.