RWA Wealth Partners LLC Makes New $2.25 Million Investment in iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX)

RWA Wealth Partners LLC bought a new position in shares of iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) during the fourth quarter, Holdings Channel reports. The institutional investor bought 44,056 shares of the company’s stock, valued at approximately $2,249,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ACWX. Fifth Third Bancorp acquired a new stake in shares of iShares MSCI ACWI ex U.S. ETF during the third quarter worth $41,000. DB Wealth Management Group LLC raised its holdings in shares of iShares MSCI ACWI ex U.S. ETF by 49.3% during the third quarter. DB Wealth Management Group LLC now owns 1,214 shares of the company’s stock worth $57,000 after purchasing an additional 401 shares during the period. Family Asset Management LLC bought a new position in shares of iShares MSCI ACWI ex U.S. ETF during the third quarter worth about $108,000. Sheets Smith Wealth Management bought a new position in shares of iShares MSCI ACWI ex U.S. ETF during the third quarter worth about $149,000. Finally, WCM Investment Management LLC bought a new position in shares of iShares MSCI ACWI ex U.S. ETF during the fourth quarter worth about $153,000.

iShares MSCI ACWI ex U.S. ETF Stock Performance

iShares MSCI ACWI ex U.S. ETF stock opened at $52.26 on Wednesday. The company has a 50-day simple moving average of $52.42 and a 200-day simple moving average of $50.20. The firm has a market capitalization of $4.54 billion, a P/E ratio of 13.49 and a beta of 0.82. iShares MSCI ACWI ex U.S. ETF has a one year low of $44.89 and a one year high of $53.74.

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.