iShares MSCI ACWI ETF (NASDAQ:ACWI) is Drake & Associates LLC’s 8th Largest Position

Drake & Associates LLC grew its position in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 2.3% during the first quarter, HoldingsChannel reports. The firm owned 175,762 shares of the company’s stock after buying an additional 4,022 shares during the period. iShares MSCI ACWI ETF accounts for approximately 5.7% of Drake & Associates LLC’s holdings, making the stock its 8th largest holding. Drake & Associates LLC’s holdings in iShares MSCI ACWI ETF were worth $20,457,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ACWI. Accredited Wealth Management LLC acquired a new position in shares of iShares MSCI ACWI ETF in the fourth quarter worth about $25,000. Rossby Financial LCC purchased a new stake in iShares MSCI ACWI ETF during the 1st quarter worth approximately $39,000. McIlrath & Eck LLC raised its position in shares of iShares MSCI ACWI ETF by 61.3% in the 4th quarter. McIlrath & Eck LLC now owns 408 shares of the company’s stock valued at $48,000 after purchasing an additional 155 shares in the last quarter. Rialto Wealth Management LLC acquired a new position in shares of iShares MSCI ACWI ETF in the 4th quarter valued at approximately $59,000. Finally, 10Elms LLP purchased a new position in shares of iShares MSCI ACWI ETF during the 4th quarter valued at approximately $61,000. Hedge funds and other institutional investors own 61.52% of the company’s stock.

iShares MSCI ACWI ETF Trading Up 0.8%

Shares of NASDAQ:ACWI opened at $130.02 on Friday. The firm has a market cap of $22.49 billion, a PE ratio of 20.91 and a beta of 0.93. The company has a fifty day simple moving average of $123.77 and a 200 day simple moving average of $119.87. iShares MSCI ACWI ETF has a 12-month low of $101.25 and a 12-month high of $129.95.

iShares MSCI ACWI ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 16th were issued a dividend of $0.9612 per share. The ex-dividend date of this dividend was Monday, June 16th.

iShares MSCI ACWI ETF Company 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.