Beacon Investment Advisory Services Inc. Purchases 66,553 Shares of iShares MSCI ACWI ETF $ACWI

Beacon Investment Advisory Services Inc. increased its holdings in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 34.9% in the second quarter, Holdings Channel reports. The fund owned 257,110 shares of the company’s stock after purchasing an additional 66,553 shares during the quarter. iShares MSCI ACWI ETF accounts for approximately 1.5% of Beacon Investment Advisory Services Inc.’s portfolio, making the stock its 20th largest position. Beacon Investment Advisory Services Inc.’s holdings in iShares MSCI ACWI ETF were worth $40,358,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. purchased a new position in iShares MSCI ACWI ETF during the 4th quarter valued at about $27,000. Triumph Capital Management purchased a new stake in shares of iShares MSCI ACWI ETF in the 3rd quarter worth approximately $27,000. Smith & Howard Wealth Management LLC bought a new position in shares of iShares MSCI ACWI ETF during the fourth quarter valued at approximately $31,000. Root Financial Partners LLC boosted its stake in shares of 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 purchasing an additional 213 shares in the last quarter. Finally, Advisortrust Partners LLC purchased 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 Stock Up 0.8%

Shares of NASDAQ:ACWI opened at $161.44 on Friday. The firm has a 50 day moving average of $156.48 and a 200 day moving average of $150.20. The company has a market capitalization of $33.55 billion, a price-to-earnings ratio of 20.91 and a beta of 0.92. iShares MSCI ACWI ETF has a 52 week low of $129.82 and a 52 week high of $161.72.

iShares MSCI ACWI ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $1.0097 dividend. The ex-dividend date of this dividend was Monday, June 15th.

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.