Merit Financial Group LLC Cuts Stake in iShares MSCI ACWI ETF (NASDAQ:ACWI)

Merit Financial Group LLC decreased its holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 23.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,293 shares of the company’s stock after selling 2,506 shares during the period. Merit Financial Group LLC’s holdings in iShares MSCI ACWI ETF were worth $844,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in iShares MSCI ACWI ETF by 211.0% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,353,748 shares of the company’s stock worth $341,244,000 after buying an additional 2,275,450 shares during the last quarter. MKP Capital Management L.L.C. raised its holdings in iShares MSCI ACWI ETF by 43.5% during the third quarter. MKP Capital Management L.L.C. now owns 7,462,975 shares of the company’s stock worth $689,355,000 after purchasing an additional 2,262,975 shares in the last quarter. Morgan Stanley lifted its position in shares of iShares MSCI ACWI ETF by 11.2% during the 3rd quarter. Morgan Stanley now owns 11,547,989 shares of the company’s stock worth $1,066,688,000 after buying an additional 1,167,144 shares during the last quarter. Factory Mutual Insurance Co. boosted its holdings in shares of iShares MSCI ACWI ETF by 135.5% in the 3rd quarter. Factory Mutual Insurance Co. now owns 1,413,200 shares of the company’s stock valued at $130,537,000 after buying an additional 813,200 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of iShares MSCI ACWI ETF by 300.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 573,724 shares of the company’s stock valued at $52,995,000 after buying an additional 430,465 shares during the last quarter. Hedge funds and other institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Price Performance

NASDAQ ACWI opened at $109.41 on Tuesday. The company has a fifty day moving average of $107.96 and a two-hundred day moving average of $102.46. iShares MSCI ACWI ETF has a 1 year low of $88.33 and a 1 year high of $110.45. The company has a market capitalization of $18.27 billion, a PE ratio of 19.74 and a beta of 0.95.

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.