iShares MSCI ACWI ETF (NASDAQ:ACWI) Reaches New 1-Year High – Should You Buy?

iShares MSCI ACWI ETF (NASDAQ:ACWI) reached a new 52-week high during trading on Wednesday . The company traded as high as $151.47 and last traded at $150.17, with a volume of 1874169 shares. The stock had previously closed at $148.74.

iShares MSCI ACWI ETF Price Performance

The stock’s fifty day moving average price is $143.46 and its 200 day moving average price is $142.42. The stock has a market capitalization of $30.84 billion, a P/E ratio of 20.91 and a beta of 0.92.

Institutional Trading of iShares MSCI ACWI ETF

Hedge funds have recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. purchased a new stake in iShares MSCI ACWI ETF in the third quarter worth about $5,644,000. Permanent Capital Management LP purchased a new stake in shares of iShares MSCI ACWI ETF during the third quarter valued at about $7,584,000. Drake & Associates LLC lifted its position in shares of iShares MSCI ACWI ETF by 11.5% during the third quarter. Drake & Associates LLC now owns 204,224 shares of the company’s stock valued at $28,706,000 after buying an additional 20,997 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of iShares MSCI ACWI ETF by 11.9% during the third quarter. Commonwealth Equity Services LLC now owns 61,579 shares of the company’s stock valued at $8,513,000 after buying an additional 6,538 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of iShares MSCI ACWI ETF by 73.1% during the third quarter. Assetmark Inc. now owns 788,333 shares of the company’s stock valued at $108,979,000 after buying an additional 332,908 shares during the last quarter. 61.52% of the stock is owned by hedge funds and other institutional investors.

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.