iShares MSCI ACWI ETF (NASDAQ:ACWI) Sets New 1-Year High – Time to Buy?

iShares MSCI ACWI ETF (NASDAQ:ACWI)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $155.83 and last traded at $155.53, with a volume of 2474861 shares traded. The stock had previously closed at $155.38.

iShares MSCI ACWI ETF Trading Up 0.1%

The company has a 50 day moving average price of $144.69 and a 200 day moving average price of $143.54. The firm has a market cap of $32.16 billion, a PE ratio of 20.91 and a beta of 0.92.

Institutional Investors Weigh In On iShares MSCI ACWI ETF

Several institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC lifted its stake in iShares MSCI ACWI ETF by 16.9% in the 1st quarter. NewEdge Advisors LLC now owns 10,952 shares of the company’s stock valued at $1,275,000 after buying an additional 1,585 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in iShares MSCI ACWI ETF by 101.0% in the 1st quarter. Jones Financial Companies Lllp now owns 4,707 shares of the company’s stock valued at $548,000 after buying an additional 2,365 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in iShares MSCI ACWI ETF in the 2nd quarter valued at approximately $270,000. First Trust Advisors LP lifted its stake in iShares MSCI ACWI ETF by 66.1% in the 2nd quarter. First Trust Advisors LP now owns 5,339 shares of the company’s stock valued at $687,000 after buying an additional 2,125 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in iShares MSCI ACWI ETF by 333.3% in the 2nd quarter. Quantinno Capital Management LP now owns 50,142 shares of the company’s stock valued at $6,448,000 after buying an additional 38,569 shares in the last quarter. Hedge funds and other institutional investors own 61.52% of the company’s stock.

About iShares MSCI ACWI ETF

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.