iShares MSCI ACWI ETF (NASDAQ:ACWI) Sets New 12-Month High – Here’s Why

Shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) reached a new 52-week high on Tuesday . The stock traded as high as $157.82 and last traded at $157.67, with a volume of 112278 shares traded. The stock had previously closed at $155.99.

iShares MSCI ACWI ETF Stock Down 0.1%

The company’s 50-day moving average is $147.67 and its two-hundred day moving average is $144.78. The company has a market capitalization of $32.60 billion, a P/E ratio of 20.91 and a beta of 0.92.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Triumph Capital Management bought a new position in shares of iShares MSCI ACWI ETF in the third quarter worth approximately $27,000. Godfrey Financial Associates Inc. bought a new position in shares of iShares MSCI ACWI ETF in the fourth quarter worth approximately $27,000. Smith & Howard Wealth Management LLC bought a new position in shares of iShares MSCI ACWI ETF in the fourth quarter worth approximately $31,000. Root Financial Partners LLC grew its position in iShares MSCI ACWI ETF by 7,100.0% during the fourth quarter. Root Financial Partners LLC now owns 216 shares of the company’s stock valued at $31,000 after acquiring an additional 213 shares during the last quarter. Finally, Advisortrust Partners LLC bought a new position in iShares MSCI ACWI ETF during the first quarter valued at approximately $32,000. 61.52% of the stock is currently owned by 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.