PNC Financial Services Group Inc. Raises Holdings in iShares MSCI ACWI ETF $ACWI

PNC Financial Services Group Inc. increased its position in iShares MSCI ACWI ETF (NASDAQ:ACWI) by 1.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,374,343 shares of the company’s stock after purchasing an additional 14,798 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares MSCI ACWI ETF were worth $189,989,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in ACWI. Mawer Investment Management Ltd. purchased a new stake in iShares MSCI ACWI ETF during the third quarter valued at about $5,644,000. Permanent Capital Management LP purchased a new position in shares of iShares MSCI ACWI ETF during the 3rd quarter valued at about $7,584,000. Drake & Associates LLC lifted its position in iShares MSCI ACWI ETF by 11.5% in the 3rd quarter. Drake & Associates LLC now owns 204,224 shares of the company’s stock worth $28,706,000 after buying an additional 20,997 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in iShares MSCI ACWI ETF by 11.9% in the third quarter. Commonwealth Equity Services LLC now owns 61,579 shares of the company’s stock worth $8,513,000 after buying an additional 6,538 shares in the last quarter. Finally, Assetmark Inc. grew its position in 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 acquiring 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 Stock Performance

Shares of ACWI opened at $145.92 on Monday. iShares MSCI ACWI ETF has a fifty-two week low of $101.25 and a fifty-two week high of $148.41. The firm has a 50 day moving average price of $143.87 and a 200-day moving average price of $139.53. The firm has a market cap of $27.00 billion, a price-to-earnings ratio of 20.91 and a beta of 0.93.

iShares MSCI ACWI ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $1.2353 dividend. This represents a dividend yield of 176.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

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.