NewEdge Advisors LLC Buys 48,855 Shares of iShares MSCI ACWI ETF $ACWI

NewEdge Advisors LLC raised its stake in shares of iShares MSCI ACWI ETF (NASDAQ:ACWI) by 287.0% during the second quarter, Holdings Channel reports. The firm owned 65,879 shares of the company’s stock after buying an additional 48,855 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares MSCI ACWI ETF were worth $10,341,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its position in shares of iShares MSCI ACWI ETF by 101.0% during the first 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 during the period. Russell Investments Group Ltd. purchased a new stake in iShares MSCI ACWI ETF in the second quarter worth about $270,000. First Trust Advisors LP lifted its holdings in iShares MSCI ACWI ETF by 66.1% in the second quarter. First Trust Advisors LP now owns 5,339 shares of the company’s stock worth $687,000 after buying an additional 2,125 shares during the period. Quantinno Capital Management LP boosted its position in iShares MSCI ACWI ETF by 333.3% during the 2nd quarter. Quantinno Capital Management LP now owns 50,142 shares of the company’s stock valued at $6,448,000 after acquiring an additional 38,569 shares in the last quarter. Finally, Betterment LLC bought a new stake in iShares MSCI ACWI ETF during the 2nd quarter valued at approximately $332,000. 61.52% of the stock is currently owned by institutional investors.

iShares MSCI ACWI ETF Stock Performance

ACWI stock opened at $160.25 on Friday. iShares MSCI ACWI ETF has a fifty-two week low of $133.65 and a fifty-two week high of $162.80. The business’s 50 day moving average price is $158.79 and its two-hundred day moving average price is $152.84. The company has a market capitalization of $33.30 billion, a price-to-earnings ratio of 20.91 and a beta of 0.92.

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.