Pinnacle Associates Ltd. Sells 4,241 Shares of iShares MSCI ACWI ETF $ACWI

Pinnacle Associates Ltd. reduced its holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 13.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,539 shares of the company’s stock after selling 4,241 shares during the period. Pinnacle Associates Ltd.’s holdings in iShares MSCI ACWI ETF were worth $3,542,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Phoenix Financial Ltd. increased its position in shares of iShares MSCI ACWI ETF by 73,377.9% during the second quarter. Phoenix Financial Ltd. now owns 2,292,511 shares of the company’s stock valued at $294,817,000 after purchasing an additional 2,289,391 shares during the period. Rector Church Wardens & Vestrymen of Trinity Church in the City of New York bought a new position in iShares MSCI ACWI ETF in the first quarter worth $179,665,000. Jennison Associates LLC lifted its position in iShares MSCI ACWI ETF by 494.0% in the first quarter. Jennison Associates LLC now owns 790,200 shares of the company’s stock worth $91,971,000 after purchasing an additional 657,162 shares during the period. Bank of Nova Scotia lifted its position in iShares MSCI ACWI ETF by 106.0% in the first quarter. Bank of Nova Scotia now owns 833,168 shares of the company’s stock worth $96,972,000 after purchasing an additional 428,735 shares during the period. Finally, Ieq Capital LLC lifted its position in iShares MSCI ACWI ETF by 303.4% in the first quarter. Ieq Capital LLC now owns 500,305 shares of the company’s stock worth $58,230,000 after purchasing an additional 376,273 shares during the period. 61.52% of the stock is owned by institutional investors.

iShares MSCI ACWI ETF Price Performance

Shares of ACWI stock opened at $141.41 on Friday. The stock has a market cap of $23.50 billion, a P/E ratio of 20.91 and a beta of 0.93. iShares MSCI ACWI ETF has a one year low of $101.25 and a one year high of $143.04. The stock has a fifty day moving average price of $137.51 and a 200 day moving average price of $129.71.

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.