Sageworth Trust Co Makes New $308.20 Million Investment in iShares MSCI ACWI ETF $ACWI

Sageworth Trust Co purchased a new stake in iShares MSCI ACWI ETF (NASDAQ:ACWI) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,941,207 shares of the company’s stock, valued at approximately $308,196,000. iShares MSCI ACWI ETF comprises 11.6% of Sageworth Trust Co’s investment portfolio, making the stock its 3rd biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Privium Fund Management UK Ltd grew its holdings in iShares MSCI ACWI ETF by 0.4% in the 3rd quarter. Privium Fund Management UK Ltd now owns 194,300 shares of the company’s stock valued at $30,983,000 after buying an additional 730 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of iShares MSCI ACWI ETF during the third quarter worth approximately $876,000. Sageworth Trust Co of South Dakota lifted its holdings in shares of iShares MSCI ACWI ETF by 55.2% during the third quarter. Sageworth Trust Co of South Dakota now owns 48,202 shares of the company’s stock worth $7,653,000 after buying an additional 17,140 shares during the last quarter. Provenance Wealth Advisors LLC lifted its holdings in shares of iShares MSCI ACWI ETF by 263.5% during the third quarter. Provenance Wealth Advisors LLC now owns 17,229 shares of the company’s stock worth $2,735,000 after buying an additional 12,489 shares during the last quarter. Finally, New Capital Management LP boosted its position in shares of iShares MSCI ACWI ETF by 13.1% in the third quarter. New Capital Management LP now owns 5,173 shares of the company’s stock valued at $821,000 after acquiring an additional 598 shares during the period. 61.52% of the stock is owned by institutional investors and hedge funds.

iShares MSCI ACWI ETF Trading Up 1.7%

ACWI opened at $158.49 on Thursday. The business has a 50 day moving average of $159.52 and a 200-day moving average of $153.16. The stock has a market capitalization of $32.78 billion, a price-to-earnings ratio of 20.91 and a beta of 0.93. iShares MSCI ACWI ETF has a 1-year low of $133.65 and a 1-year high of $162.80.

iShares MSCI ACWI ETF 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.