iShares MSCI ACWI ETF (NASDAQ:ACWI) Hits New 1-Year High – Still a Buy?

iShares MSCI ACWI ETF (NASDAQ:ACWI) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $143.07 and last traded at $142.80, with a volume of 3291118 shares changing hands. The stock had previously closed at $141.65.

iShares MSCI ACWI ETF Stock Performance

The firm has a fifty day moving average of $139.95 and a 200-day moving average of $133.94. The stock has a market capitalization of $23.90 billion, a price-to-earnings ratio of 20.91 and a beta of 0.93.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Qalhat Capital Ltd increased 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 valued at $461,443,000 after buying an additional 1,137,134 shares during the last quarter. Phoenix Financial Ltd. grew its position in shares of iShares MSCI ACWI ETF by 41.7% in the 3rd quarter. Phoenix Financial Ltd. now owns 3,247,975 shares of the company’s stock worth $449,120,000 after acquiring an additional 955,464 shares in the last quarter. P E Global LLC increased its holdings in shares of iShares MSCI ACWI ETF by 0.6% in the 2nd quarter. P E Global LLC now owns 2,215,307 shares of the company’s stock valued at $284,888,000 after acquiring an additional 13,989 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of iShares MSCI ACWI ETF by 1.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,374,343 shares of the company’s stock valued at $189,989,000 after acquiring an additional 14,798 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in iShares MSCI ACWI ETF by 17.9% during the second quarter. Sequoia Financial Advisors LLC now owns 1,325,997 shares of the company’s stock worth $170,523,000 after purchasing an additional 201,224 shares during the last quarter. 61.52% of the stock is owned by institutional investors and hedge funds.

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.