iShares MSCI ACWI ETF (NASDAQ:ACWI) Reaches New 12-Month High – Here’s Why

iShares MSCI ACWI ETF (NASDAQ:ACWI) hit a new 52-week high on Tuesday . The stock traded as high as $160.13 and last traded at $160.13, with a volume of 1373305 shares changing hands. The stock had previously closed at $157.94.

iShares MSCI ACWI ETF Trading Down 0.1%

The stock has a market capitalization of $33.31 billion, a P/E ratio of 20.91 and a beta of 0.92. The business has a 50-day moving average price of $156.39 and a two-hundred day moving average price of $150.01.

iShares MSCI ACWI ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $1.0097 per share. The ex-dividend date was Monday, June 15th.

Hedge Funds Weigh In On iShares MSCI ACWI ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mass General Brigham Inc bought a new position in shares of iShares MSCI ACWI ETF during the 4th quarter worth about $652,828,000. BNP Paribas Financial Markets increased its position in iShares MSCI ACWI ETF by 270.0% in the 4th quarter. BNP Paribas Financial Markets now owns 2,620,110 shares of the company’s stock valued at $370,719,000 after buying an additional 1,911,879 shares in the last quarter. Morgan Stanley raised its stake in iShares MSCI ACWI ETF by 20.5% during 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 during the period. Northern Trust Corp raised its stake in iShares MSCI ACWI ETF by 2,222.6% during the 4th quarter. Northern Trust Corp now owns 1,492,581 shares of the company’s stock worth $211,185,000 after buying an additional 1,428,317 shares during the period. Finally, Qalhat Capital Ltd boosted its holdings in iShares MSCI ACWI ETF by 46.4% in the second quarter. Qalhat Capital Ltd now owns 3,588,206 shares of the company’s stock worth $461,443,000 after acquiring an additional 1,137,134 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.