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

iShares MSCI ACWI ETF (NASDAQ:ACWI)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $124.15 and last traded at $124.10, with a volume of 1465104 shares traded. The stock had previously closed at $123.62.

iShares MSCI ACWI ETF Price Performance

The business has a 50 day simple moving average of $120.25 and a 200 day simple moving average of $118.75. The company has a market capitalization of $20.01 billion, a price-to-earnings ratio of 19.74 and a beta of 0.93.

iShares MSCI ACWI ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a $1.0662 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Trading of iShares MSCI ACWI ETF

Several hedge funds have recently modified their holdings of the stock. Cornerstone Advisory LLC acquired a new stake in shares of iShares MSCI ACWI ETF in the fourth quarter valued at $230,000. McIlrath & Eck LLC raised its stake in shares of iShares MSCI ACWI ETF by 61.3% in the fourth quarter. McIlrath & Eck LLC now owns 408 shares of the company’s stock valued at $48,000 after acquiring an additional 155 shares in the last quarter. 10Elms LLP acquired a new stake in shares of iShares MSCI ACWI ETF in the fourth quarter valued at $61,000. Waverly Advisors LLC raised its stake in shares of iShares MSCI ACWI ETF by 20.8% in the fourth quarter. Waverly Advisors LLC now owns 104,700 shares of the company’s stock valued at $12,302,000 after acquiring an additional 18,037 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of iShares MSCI ACWI ETF in the fourth quarter valued at $5,826,000. 61.52% of the stock is currently owned by institutional investors and hedge funds.

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.