iShares MSCI ACWI ETF (NASDAQ:ACWI – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $153.20 and traded as low as $150.88. iShares MSCI ACWI ETF shares last traded at $152.00, with a volume of 6,642,309 shares changing hands.
iShares MSCI ACWI ETF Trading Down 4.1%
The business’s 50-day moving average price is $159.35 and its 200-day moving average price is $153.20. The stock has a market cap of $31.43 billion, a PE ratio of 20.91 and a beta of 0.93.
Institutional Investors Weigh In On iShares MSCI ACWI ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Three Bridge Wealth Advisors LLC lifted its holdings in shares of iShares MSCI ACWI ETF by 2.0% during the third quarter. Three Bridge Wealth Advisors LLC now owns 416,066 shares of the company’s stock worth $66,057,000 after purchasing an additional 8,103 shares during the period. Joel Isaacson & Co. LLC purchased a new stake in iShares MSCI ACWI ETF during the third quarter worth $816,000. Jefferies Financial Group Inc. purchased a new stake in shares of iShares MSCI ACWI ETF during the 3rd quarter worth about $26,196,000. AMG National Trust Bank purchased a new position in iShares MSCI ACWI ETF during the third quarter worth approximately $1,991,000. Finally, Mesirow Financial Investment Management Inc. purchased a new position in shares of iShares MSCI ACWI ETF during the 3rd quarter valued at approximately $1,594,000. 61.52% of the stock is currently owned by hedge funds and other institutional investors.
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.
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