iShares MSCI ACWI ETF (NASDAQ:ACWI) Hits New 1-Year High – Here’s Why

iShares MSCI ACWI ETF (NASDAQ:ACWI)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $148.55 and last traded at $148.5450, with a volume of 1710590 shares traded. The stock had previously closed at $147.33.

iShares MSCI ACWI ETF Stock Up 0.9%

The firm has a 50 day moving average of $144.54 and a 200-day moving average of $140.33. The company has a market cap of $27.50 billion, a P/E ratio of 20.91 and a beta of 0.93.

iShares MSCI ACWI ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a $1.2353 dividend. This represents a dividend yield of 176.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Investors Weigh In On iShares MSCI ACWI ETF

Hedge funds have recently modified their holdings of the business. Naples Global Advisors LLC raised its stake in iShares MSCI ACWI ETF by 1.9% during the fourth quarter. Naples Global Advisors LLC now owns 4,125 shares of the company’s stock valued at $584,000 after buying an additional 75 shares in the last quarter. NavPoint Financial Inc. grew its position in shares of iShares MSCI ACWI ETF by 0.9% in the 4th quarter. NavPoint Financial Inc. now owns 8,793 shares of the company’s stock worth $1,244,000 after acquiring an additional 76 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in shares of iShares MSCI ACWI ETF by 3.7% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,260 shares of the company’s stock valued at $312,000 after acquiring an additional 80 shares during the last quarter. Sowell Financial Services LLC raised its position in shares of iShares MSCI ACWI ETF by 1.9% during the 3rd quarter. Sowell Financial Services LLC now owns 4,700 shares of the company’s stock valued at $650,000 after acquiring an additional 86 shares in the last quarter. Finally, Strategic Blueprint LLC raised its position in shares of iShares MSCI ACWI ETF by 0.5% during the 3rd quarter. Strategic Blueprint LLC now owns 16,693 shares of the company’s stock valued at $2,308,000 after acquiring an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 61.52% of the company’s stock.

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.